New York, Jan. 19 – JPMorgan Chase Financial Co. LLC priced $1.55 million of 0% capped dual directional buffered equity notes due Jan. 15, 2027 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus the index return, capped at par plus 34.33%.
The payout will be par plus the absolute value of the index return if the index declines by no more than 25%.
Otherwise, investors will lose 1.33333% for every 1% that the index declines beyond 25%.
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: | Capped dual directional buffered equity notes
|
| Underlying index: | S&P MidCap 400 index
|
| Amount: | $1.55 million
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| Maturity: | Jan. 15, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus index return, capped at par plus 34.33%; par plus absolute value of index return if index declines by no more than 25%; otherwise, 1.33333% loss for every 1% that index declines beyond 25%
|
| Initial level: | 2,728.63
|
| Cap: | 34.33%
|
| Buffer: | 25%
|
| Pricing date: | Jan. 12
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| Settlement date: | Jan. 18
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48134TUP7
|
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