By Susanna Moon
Chicago, March 4 – JPMorgan Chase Financial Co. LLC priced $7.3 million 0% dual directional trigger jump securities due March 4, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the index return and 33.75%.
If the index falls by up to its 80% trigger level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
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: | Dual directional trigger jump securities
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| Underlying index: | S&P 500
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| Amount: | $7,295,000
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| Maturity: | March 4, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus greater of return and 33.75%; if index falls by up to 20%, par plus absolute return; otherwise, 1% loss per 1% decline
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| Initial level: | 2,784.49
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| Trigger level: | 2,227.592, 80% of initial level
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| Pricing date: | Feb. 28
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| Settlement date: | March 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48130X414
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