Chicago, Dec. 1 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped dual directional buffered equity notes due May 31, 2024 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains the payout will be par plus the stock return capped at par plus 23%.
The payout will be par plus 200% of the absolute value of the stock return if the stock declines but by no more than the 10% buffer.
Investors will lose 1% for every 1% that the stock declines beyond the buffer.
The securities are non-callable.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Capped dual directional buffered equity notes
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| Underlying stock: | Tesla, Inc.
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| Amount: | $1 million
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| Maturity: | May 31, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock gains par plus stock return capped at par plus 23%; par plus 200% of absolute value of stock return if stock declines but by no more than 10% buffer; 1% loss for every 1% that stock declines beyond the buffer
|
| Call: | Non-callable
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| Initial level: | $236.08
|
| Buffer level: | 90% of initial level
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| Cap: | 23%
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| Buffer: | 10%
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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: | 0.25%
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| Cusip: | 48134RSF6
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