By Kiku Steinfeld
Chicago, Jan. 21 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital dual directional buffered notes due Jan. 19, 2024 linked to the Russell 2000 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 20%.
If the index finishes below the initial index level by up to 20%, the payout at maturity will be par plus 50% of the absolute value of the index return.
If the index finishes below the initial index level by more than 20%, investors will lose 1.25% for every 1% that the index declines beyond 20%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Digital dual directional buffered notes
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| Underlying index: | Russell 2000 Value
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| Amount: | $1 million
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| Maturity: | Jan. 19, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than or equal to initial index level, par plus 20%; if index finishes below initial index level by up to 20%, par plus 50% of absolute value of return; if index finishes below initial index level by more than 20%, 1.25% loss for every 1% that the index declines beyond 20%
|
| Initial level: | 2,114.78
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| Buffer level: | 80% of initial level
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| Pricing date: | Jan. 13
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| Settlement date: | Jan. 19
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.1%
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| Cusip: | 48132RJK7
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