By William Gullotti
Buffalo, N.Y., Oct. 23 – JPMorgan Chase Financial Co. LLC priced $4.93 million of 0% uncapped dual directional buffered return enhanced notes due Oct. 16, 2025 linked to the Dow Jones industrial average and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.1 times the return of the least performing index.
If the worst performer declines but finishes at or above 85% of initial level, the payout will be par plus the absolute value of that index’s return.
Otherwise, investors will lose 1% for every 1% decline of the worst performer below 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional buffered return enhanced notes
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| Underlying indexes: | S&P 500 index, Dow Jones industrial average
|
| Amount: | $4,932,000
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| Maturity: | Oct. 16, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index gains, par plus 1.1 times the return of the worst performer; if worst performer declines up to 15%, par plus absolute value of return of that index; otherwise, 1% loss for every 1% decline of worst performer below 15%
|
| Initial levels: | 4,327.78 for S&P, 33,670.29 for Dow
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| Absolute return barriers: | 85% of initial levels
|
| Pricing date: | Oct. 13
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| Settlement date: | Oct. 18
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.2%
|
| Cusip: | 48134AQ57
|
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