By Emma Trincal
New York, March 15 – JPMorgan Chase Financial Co. LLC priced $648,000 of 0% uncapped dual directional buffered return enhanced notes due Sept. 12, 2024 linked to the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
At maturity, if the least performing underlier finishes flat or gains, the payout at maturity will be par plus 1.54 times the return of the least performing underlier.
If the least performing underlier declines by up to 15%, the payout at maturity will be par plus its absolute value.
Otherwise, investors will lose 1% for each 1% decline of the least performing underlier below 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional buffered return enhanced notes
|
| Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
|
| Amount: | $648,000
|
| Maturity: | Sept. 12, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If both underliers finish above initial level, par plus 1.54 times the return of worst performer; if the worst performer declines but finishes at or above buffer level, par plus absolute value of worst performer’s return; otherwise, 1% loss for each 1% decline of worst performer below buffer
|
| Initial levels: | $67.42 for EAFE ETF and 3,505.29 for Euro Stoxx 50
|
| Buffer levels: | 85% of initial levels
|
| Pricing date: | March 8
|
| Settlement date: | March 11
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.4%
|
| Cusip: | 48133DQG8
|
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