By Emma Trincal
Chicago, May 5 – JPMorgan Chase Financial Co. LLC priced $325,000 of 0% uncapped dual directional buffered return enhanced notes due May 1, 2024 linked to the lesser performing of the iShares MSCI Emerging Markets ETF and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each ETF finishes at or above the initial level, the payout at maturity will be par plus 1.14 times the return of the lesser performing ETF.
If either ETF falls by no more than the 15% buffer, the payout will be par plus the absolute value of the return of the worst performer.
If either ETF falls by more than 15%, investors will lose 1% for each 1% decline of the worst performer beyond the 15% buffer.
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 ETFs: | iShares MSCI Emerging Markets ETF, iShares MSCI EAFE ETF
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| Amount: | $325,000
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| Maturity: | May 1, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each ETF gains, par plus 1.14 times the return of lesser-performing ETF; if either ETF falls by no more than the 15% buffer, par plus absolute value of return of lesser-performing ETF; if either ETF falls by more than 15%, investors will lose 1% for each 1% decline of the worst performer beyond the 15% buffer
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| Initial levels: | $41.15 for EM ETF, $68.17 for EAFE ETF
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| Buffer levels: | 85% of initial levels
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| Strike date: | April 26
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| Pricing date: | April 29
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| Settlement date: | May 4
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.4%
|
| Cusip: | 48133FVV4
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