By William Gullotti
Buffalo, N.Y., March 19 – JPMorgan Chase Financial Co. LLC priced $1.39 million of 0% capped dual directional buffered return enhanced notes due March 12, 2026 linked to the least performing of 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 1.5 times the lesser-performing index’s return, subject to a maximum upside return of par plus 23.6%.
If the final level of the lesser-performing is flat or falls by up to 20%, the payout will be par plus the absolute value of the lesser-performing index’s return.
If the final level of either index is less than its initial level by more than 20%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 20%.
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 buffered return enhanced notes
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| Underlying indexes: | Dow Jones industrial average, Russell 2000 index
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| Amount: | $1,388,000
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| Maturity: | March 12, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes above initial level, par plus 1.5 times lesser-performing index’s return, subject to maximum upside return of par plus 23.6%; if final level of lesser-performing index is equal to initial level or is less than initial level by up to 20%, par plus absolute value of lesser-performing index’s return; otherwise, 1% loss for every 1% that lesser-performing index declines beyond 20%
|
| Initial levels: | 2,082.713 for Russell, 38,722.69 for Dow
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| Buffer levels: | 80% of initial levels
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| Pricing date: | March 8
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| Settlement date: | March 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.95%
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| Cusip: | 48134W2V8
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