By Wendy Van Sickle
Columbus, Ohio, Aug. 8 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% uncapped dual directional contingent buffered return enhanced notes due Aug. 9, 2029 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.8325 times any index gain.
If the index falls but not below the 60% buffer level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
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: | Uncapped dual directional contingent buffered return enhanced notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $500,000
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| Maturity: | Aug. 9, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.8325 times any index gain; if index falls but not below 60% buffer level, par plus absolute value of return; otherwise, 1% loss for each 1% decline from initial level
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| Initial index levels: | 25,717.74
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| Pricing date: | Aug. 5
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| Settlement date: | Aug. 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48132CV67
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