By William Gullotti
Buffalo, N.Y., Dec. 29 – JPMorgan Chase Financial Co. LLC priced $2.31 million of 0% digital dual directional buffered notes due Jan. 25, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above initial level, the payout at maturity will be par plus 9%.
If the index declines up to 20%, the payout at maturity will be par plus the absolute value of the index’s return.
Otherwise, investors will lose 1% 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital dual directional buffered notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,313,000
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| Maturity: | Jan. 25, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above initial level, par plus 9%; if the index declines by up to 20%, par plus the absolute value of the index’s return; otherwise, 1% loss for every 1% that the index declines beyond 20%
|
| Initial level: | 3,878.44
|
| Buffer level: | 80% of initial level
|
| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48133PZD8
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