By Taylor Fox
New York, March 23 – JPMorgan Chase Financial Co. LLC priced $4.66 million of 0% uncapped dual directional buffered equity notes due March 13, 2026 linked to the S&P 500 index, the Dow Jones industrial average and the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each asset finishes at or above the initial level, the payout at maturity will be par plus the return of the lesser performing asset.
If either asset falls but by no more than the 30% buffer, the payout will be par plus 50% of the absolute value of the return of the lesser-performing asset.
If either asset falls by more than 30%, investors will lose 1.42857% for each 1% decline of the lesser-performing asset beyond 30%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional buffered equity notes
|
| Underlying assets: | S&P 500 index, Dow Jones industrial average and iShares Russell 1000 ETF
|
| Amount: | $4,660,000
|
| Maturity: | March 13, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each asset gains, par plus return of the lesser-performing asset; if either asset falls but by no more than 30% buffer, par plus 50% of the absolute value of return of lesser-performing asset; if either asset falls by more than 30%, investors will lose 1.42857% for each 1% decline of the lesser-performing asset beyond 30%
|
| Initial levels: | $220.47 for ETF, 3,898.81 for S&P and 32,297.02 for Dow
|
| Pricing date: | March 10
|
| Settlement date: | March 15
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48132TED4
|
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