Chicago, Jan. 2 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped dual directional buffered return enhanced notes due June 13, 2024 linked to the common stock of Wayfair Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains the payout will be par plus 200% of the stock return capped at par plus 8%.
The payout will be par plus the absolute value of the stock return if the stock declines but by no more than the 30% 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 return enhanced notes
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| Underlying stock: | Wayfair Inc.
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| Amount: | $1 million
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| Maturity: | June 13, 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 200% of stock return capped at par plus 8%; par plus absolute value of stock return if stock declines but by no more than 30% buffer; 1% loss for every 1% that stock declines beyond the buffer
|
| Call: | Non-callable
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| Initial level: | $55.10
|
| Upside leverage: | 200%
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| Cap: | 8%
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| Buffer: | 30%
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| Buffer level: | 70% of initial level
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| Pricing date: | Dec. 8
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| Settlement date: | Dec. 13
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 48134RU55
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