By Susanna Moon
Chicago, Dec. 5 – JPMorgan Chase Financial Co. LLC priced $599,000 of 0% dual directional contingent buffered return enhanced notes due Nov. 30, 2022 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each fund finishes above its initial level, the payout at maturity will be par plus 1.45 times the gain of the worse performing fund.
If either fund falls by up to 35%, the payout will be par plus the absolute value of the return of the worse performing fund.
Otherwise, investors will lose 1% for each 1% decline of the worse performing fund.
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: | Dual directional contingent buffered return enhanced notes
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| Underlying funds: | iShares MSCI EAFE ETF and the iShares MSCI Emerging Markets ETF
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| Amount: | $599,000
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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 fund gains, par plus 1.45 times return of worse performing fund; if either fund falls by up to 35%, par plus absolute return of worse performing fund; otherwise, 1% loss per 1% decline of worse performing fund
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| Initial levels: | $69.92 for EAFE fund, $47.01 for EM fund
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| Contingent buffer: | 35%
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| Pricing date: | Nov. 27
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| Settlement date: | Nov. 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.5% Cusip:
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