New York, Sept. 22 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped dual directional buffered equity notes due Dec. 19, 2024 linked to the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout at maturity will be par plus that index’s return, capped at par plus 12%.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines by no more than 15%.
If the worst performing index declines by more than 15% but no more than 30%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond 30%.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Capped dual directional buffered equity notes
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| Underlying indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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| Amount: | $1 million
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| Maturity: | Dec. 19, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index gains, par plus that index’s return, capped at par plus 12%; par plus absolute value of worst performing index return if worst performing index declines by no more than 15%; if worst performing index declines by more than 15% but no more than 30%, par; otherwise, 1% loss for every 1% that worst performing index declines beyond 30%
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| Initial levels: | 34,618.24 for Dow Jones industrial average, 1,847.033 for Russell 2000, 4,450.32 for S&P 500
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| Cap: | 12%
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| Buffer: | 30%
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| Pricing date: | Sept. 15
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| Settlement date: | Sept. 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.25%
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| Cusip: | 48134AQ24
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