By Wendy Van Sickle
Columbus, Ohio, June 27 – JPMorgan Chase Financial Co. LLC priced $9.33 million of 0% dual directional bear market trigger PLUS due Jan. 3, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is negative, the payout at maturity will be par plus 2% for each 1% index loss, subject to a maximum return of par plus 19.25%.
If the index gains by up to 8%, investors will receive par plus the index return.
If the index gains by more than 8%, investors will lose 1% for each 1% index gain with a minimum payout of zero.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management will act as distributor.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Dual directional bear market trigger PLUS
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| Underlying index: | S&P 500 index
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| Amount: | $9,332,000
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| Maturity: | Jan. 3, 2024
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index return is negative, par plus 2% for each 1% index decline, subject to a maximum return of par plus 19.25%; par plus index return if index gains but ends at or below trigger level; otherwise, 1% loss for each 1% index gain subject to minimum payout of zero
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| Initial level: | 4,490.59
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| Trigger level: | 4,762.3572, 108% of initial level
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| Pricing date: | June 16
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| Settlement date: | June 22
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| Agent: | J.P. Morgan Securities LLC
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| Distributor: | Morgan Stanley Wealth Management
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| Fees: | 1.5% including a structuring fee of 0.5%
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| Cusip: | 48133XCD6
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