By Susanna Moon
Chicago, Dec. 14 – JPMorgan Chase Financial Co. LLC priced $870,000 of 0% dual directional notes due Nov. 30, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the gain and the contingent minimum return of 14%.
If the index falls by up to 30%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
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: | Dual directional contingent buffered equity notes
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| Underlying index: | S&P 500
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| Amount: | $870,000
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| Maturity: | Nov. 30, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus greater of return and 14%; if index falls by up to 30%, par plus absolute return; if index falls by more than 30%, 1% loss per 1% decline
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| Initial index level: | 2,647.58
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| Contingent buffer: | 30%
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| Pricing date: | Nov. 30
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| Settlement date: | Dec. 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48129HLX3
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