By Kiku Steinfeld
Chicago, Nov. 7– JPMorgan Chase Financial Co. LLC priced $648,000 of 0% uncapped dual directional buffered return enhanced notes due Sept. 12, 2024 linked to the Euro Stoxx 50 index and iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains, the payout will be par plus 154% of the worst performing asset return.
The payout will be par plus the absolute value of the worst performing asset return if the worst performing asset declines but by no more than the 15% buffer.
Investors will lose 1% for every 1% that the worst performing asset declines beyond the buffer.
The securities are non-callable.
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: | Uncapped dual directional buffered return enhanced notes
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| Underlying assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
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| Amount: | $648,000
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| Maturity: | Sept. 12, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing asset gains, par plus 154% of worst performing asset return; par plus absolute value of worst performing asset return if worst performing asset declines but by no more than 15% buffer; 1% loss for every 1% that worst performing asset declines beyond the buffer
|
| Call: | Non-callable
|
| Initial levels: | 3,505.29 for Euro Stoxx 50, $67.42 for iShares MSCI EAFE ETF
|
| Cap: | None
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| Buffer: | 15%
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| Pricing date: | March 8
|
| Settlement date: | March 11
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.4%
|
| Cusip: | 48133DQG8
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