Chicago, Nov. 28 – JPMorgan Chase Financial Co. LLC priced $1.63 million of 0% uncapped dual directional digital barrier notes due Nov. 27, 2028 linked to the least performing of the Invesco QQQ Trust, Series 1, SPDR Dow Jones industrial average ETF Trust and iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing ETF gains the payout will be par plus the greater of the worst performing ETF return and the 67% digital payment.
The payout will be par plus the absolute value of the worst performing ETF return if the worst performing ETF declines but finishes at or above its 70% barrier.
Investors will lose 1% for every 1% that the worst performing ETF declines if it ends below its barrier.
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: | Uncapped dual directional digital barrier notes
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| Underlying ETFs: | Invesco QQQ Trust, Series 1, SPDR Dow Jones industrial average ETF Trust and iShares Russell 2000 ETF
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| Amount: | $1.63 million
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| Maturity: | Nov. 27, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing ETF finishes at or above its initial value, par plus greater of worst performing ETF return and 67%; par if worst performing ETF declines but finishes above 70% barrier; 1% loss for every 1% that worst performing ETF declines if it finishes below barrier
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| Initial levels: | $388.47 for Invesco, $350.82 for Dow ETF, $177.02 for Russell ETF
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| Barrier levels: | $271.929 for Invesco, $245.574 for Dow ETF, $123.914 for Russell ETF, 70% of initial levels
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| Digital payment: | 67%
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| Cap: | None
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| Call: | Non-callable
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| Pricing date: | Nov. 21
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| Settlement date: | Nov. 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48134RLQ9
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