By William Gullotti
Buffalo, N.Y., Dec. 22 – JPMorgan Chase Financial Co. LLC priced $1.84 million of 0% uncapped dual directional buffered return enhanced notes due June 4, 2024 linked to the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each underlier finishes at or above the initial level, the payout at maturity will be par plus 1.3 times the return of the lesser performing underlier.
If either underlier falls by no more than the 10% buffer, the payout will be par plus the absolute value of the return of the worst performer.
If either underlier falls by more than 10%, investors will lose 1% for each 1% decline of the worst performer beyond the 10% buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional buffered return enhanced notes
|
| Underlying assets: | iShares MSCI EAFE ETF, Euro Stoxx 50 index
|
| Amount: | $1,837,000
|
| Maturity: | June 4, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each underlier gains, par plus 1.3 times the return of lesser-performing underlier; if either underlier falls by no more than the 10% buffer, par plus absolute value of return of lesser-performing underlier; if either underlier falls by more than 10%, investors will lose 1% for each 1% decline of the worst performer beyond the 10% buffer
|
| Initial levels: | $76.84 for ETF, 4,063.06 for index
|
| Buffer levels: | 90% of initial levels
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.37376%
|
| Cusip: | 48132YKM6
|
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