By Wendy Van Sickle
Columbus, Ohio, Jan. 6 – JPMorgan Chase Financial Co. LLC priced $241,000 of uncapped dual directional contingent buffered return enhanced notes due Dec. 30, 2022 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.25 times the lesser performing underlying return if both underliers finish above their initial values.
If either index declines, but not more than 30%, investors will receive the absolute value of the return of the lesser performing underlier.
Otherwise, investors will be fully exposed to the losses of the worst performer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional contingent buffered return enhanced notes
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| Underliers: | iShares MSCI EAFE exchange-traded fund and Euro Stoxx 50 index
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| Amount: | $241,000
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| Maturity: | Dec. 30, 2022
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| Price: | Par
|
| Payout at maturity: | Par plus 1.25 times worst performing underlier return if above initial level; par plus absolute value of underlier return of lesser performing underlier if worst performer falls, but not more than 30%; otherwise full exposure to losses
|
| Initial levels: | $69.64 for iShares, 3,782.27 for Stoxx
|
| Buffer levels: | 70% of initial levels
|
| Pricing date: | Dec. 27
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| Settlement date: | Jan. 2
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.78631%
|
| Cusip: | 48132HBR2
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