New Issue: JPMorgan sells $1.04 million dual directional buffered notes on Dow, S&P

By Wendy Van Sickle

Columbus, Ohio, March 6 – JPMorgan Chase Financial Co. LLC priced $1.04 million of 0% uncapped dual directional buffered equity notes due Feb. 28, 2024 linked to an equally weighted basket of 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 the final basket level is greater than the initial level, the payout at maturity will be par plus 1.06 times the gain. If the basket falls by up to 20%, the payout will be par plus the absolute value of the return. Otherwise, investors will lose 1% for every 1% decline beyond 20%.

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
Basket components:	Dow Jones industrial average and S&P 500 index
Amount:	$1.04 million
Maturity:	Feb. 28, 2024
Coupon:	0%
Price:	Par
Payout at maturity:	If final basket level is greater than initial level, par plus 1.06 times the gain; par plus absolute value of return if basket falls by up to 20%; otherwise, 1% loss for every 1% decline beyond 20%
Initial levels:	2,747.30 for S&P 500, 25,309.99 for Dow
Pricing date:	Feb. 23
Settlement date:	Feb. 28
Agent:	J.P. Morgan Securities LLC
Fees:	2.35%
Cusip:	48129HT49

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