By Taylor Fox
New York, Dec. 7 – JPMorgan Chase Financial Co. LLC priced $975,000 of 0% capped dual directional contingent buffered return enhanced notes due May 30, 2023 linked to the least performing of the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, 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 2.03 times the least-performing index’s return, subject to a maximum upside return of 35%.
If the least-performing index is flat or falls by up to 30%, the payout will be par plus 50% of the absolute value of the least-performing index’s return.
If the final level of any index is less than its initial level by more than 30%, investors will lose 1% for every 1% that the least-performing index declines from its initial level.
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: | Capped dual directional contingent buffered return enhanced notes
|
| Underlying indexes: | Nasdaq-100 index, Dow Jones industrial average and Russell 2000
|
| Amount: | $975,000
|
| Maturity: | May 30, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above initial level, par plus 2.03 times least-performing index’s return, subject to maximum upside return of 35%; if final level of least-performing index is equal to initial level or is less than initial level by up to 30%, par plus 50% of absolute value of least-performing index’s return; otherwise, 1% loss for every 1% that least-performing index declines from its initial level
|
| Initial levels: | 1,853.532 for Russell 2000, 30,046.24 for Dow and 12,079.81 for Nasdaq
|
| Barrier levels: | 70% of initial levels
|
| Pricing date: | Nov. 24
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| Settlement date: | Nov. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48132P2C7
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