Chicago, Jan. 2 – JPMorgan Chase Financial Co. LLC priced $671,000 of 0% capped dual directional buffered return enhanced notes due Dec. 11, 2025 linked to the lesser performing of the Dow Jones industrial average and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus 1.5 times the worst performing index return capped at par plus 22.8%.
The payout will be par plus 100% of the absolute value of the worst performing index return if the worst performing index declines but by no more than the 20% buffer.
Investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
The securities are non-callable.
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 return enhanced notes
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| Underlying indexes: | Dow Jones industrial average and Russell 2000index
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| Amount: | $671,000
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| Maturity: | Dec. 11, 2025
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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 1.5 times worst performing index return capped at par plus 22.8%; par plus 100% of absolute value of worst performing index return if worst performing index declines but by no more than 20% buffer; 1% loss for every 1% that worst performing index declines beyond the buffer
|
| Call: | Non-callable
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| Initial levels: | 36,247.87 for Dow, 1,880.817 for Russell
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| Cap: | 22.8%
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| Buffer levels: | 80% of initial levels
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| Pricing date: | Dec. 8
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| Settlement date: | Dec. 13
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48134RT57
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