By Wendy Van Sickle
Columbus, Ohio, Nov. 17 – JPMorgan Chase Financial Co. LLC priced $3.86 million of 0% dual directional trigger PLUS due Sept. 26, 2025 linked to the iShares U.S. Home Construction ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 200% of the ETF return, subject to a maximum return of par plus 50.5%.
Investors will receive a 1% gain for each 1% loss if the ETF declines but finishes at or above the 65% principal barrier and will lose 1% for every 1% decline if the ETF ends below its principal barrier.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management will act as distributor.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Dual directional trigger PLUS
|
| Underlying ETF: | iShares U.S. Home Construction ETF
|
| Amount: | $3,864,000
|
| Maturity: | Sept. 26, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If ETF return is positive, par plus 200% of ETF return, subject to a maximum return of par plus 50.5%; 1% gain for each 1% loss if ETF declines but ends at or above principal barrier; otherwise, 1% loss for every 1% decline from initial level
|
| Initial level: | $53.17
|
| Principal barrier: | $34.5605, 65% of initial level
|
| Upside leverage: | 200%
|
| Pricing date: | Sept. 23
|
| Settlement date: | Sept. 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Distributor: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 48133J107
|
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