By Kiku Steinfeld
Chicago, Jan. 27 – JPMorgan Chase Financial Co. LLC priced $670,000 of 0% dual directional contingent buffered return enhanced notes due July 19, 2024 linked to the lesser performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 1.12 times the gain of the worse performing index.
If the worse performing index falls by up to 35%, the payout will be par plus the absolute value of its return.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
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.
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| Issue: | Dual directional contingent buffered return enhanced notes
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| Underlying indexes: | Dow Jones industrial average, S&P 500 index
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| Amount: | $670,000
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| Maturity: | July 19, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes above its initial level, par plus 1.12 times the gain of worse performing index; if worse performing index falls by up to 35%, par plus absolute value of its return; otherwise, 1% loss for each 1% decline of worse performing index
|
| Initial index levels: | 3,316.81 for S&P and 29,297.64 for Dow
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| Buffer levels: | 65% of initial levels
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| Pricing date: | Jan. 16
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| Settlement date: | Jan. 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
|
| Cusip: | 48132HRP9
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