By Sarah Lizee
Olympia, Wash., Dec. 9 – JPMorgan Chase Financial Co. LLC priced $1.62 million of 0% uncapped dual directional contingent buffered return enhanced notes due Nov. 30, 2022 linked to the lesser performing of the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes above its initial level, the payout at maturity will be par plus 1.1 times the gain of the worse performing index.
If the worse performing index falls by up to 30%, the payout will be par plus the absolute value of that index’s return.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
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 indexes: | Dow Jones industrial average, the S&P 500 index and Russell 2000 index
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| Amount: | $1.62 million
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| Maturity: | Nov. 30, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes above its initial level, par plus 1.1 times the gain of the worse performing index; if worse performing index falls by up to 30%, par plus the absolute value of its return; otherwise, 1% loss for each 1% decline of the worse performing index
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| Initial levels: | 3,133.64 for S&P, 1,621.904 for Russell and 28,066.47 for Dow
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| Pricing date: | Nov. 25
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| Settlement date: | Nov. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.35%
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| Cusip: | 48132FW51
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