By Wendy Van Sickle
Columbus, Ohio, July 5 – JPMorgan Chase Financial Co. LLC priced $10.33 million of 0% dual directional trigger jump securities due Jan. 4, 2024 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF finishes at or above its initial level, the payout at maturity will be par plus 21%.
If the final ETF level is less than the initial ETF level but the ETF finishes at or above the trigger level, 90% of the initial ETF level, the payout will be par plus the absolute value of the ETF return.
If the ETF finishes below the trigger level, investors will lose 1% for every 1% that the ETF declines from its initial level.
J.P. Morgan Securities LLC is the underwriter. Morgan Stanley Wealth Management is acting as dealer.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Dual directional trigger jump securities
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $10,325,000
|
| Maturity: | Jan. 4, 2024
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If ETF finishes at or above initial level, par plus 21%; if ETF falls but finishes at or above trigger level, par plus absolute value of ETF return; if ETF finishes below trigger level, 1% loss for every 1% that ETF declines from initial level
|
| Initial level: | $40.29
|
| Trigger level: | $36.261; 90% of initial level
|
| Pricing date: | June 29
|
| Settlement date: | July 5
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| Underwriter: | J.P. Morgan Securities LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 48133E454
|
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