By Kiku Steinfeld
Chicago, Feb. 15 – JPMorgan Chase Financial Co. LLC priced $466,000 of capped dual directional buffered equity notes due Sept. 6, 2024 linked to the least performing of the Russell 2000 index and the Nasdaq-100 index according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus the least-performing index’s return, subject to a maximum upside return of 24.75%.
If the final level of the least-performing is flat or falls by up to 15%, the payout will be par plus the absolute value of the least-performing index’s return.
If the final level of any index is less than its initial level by more than 15%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 15%.
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 indexes: | Russell 2000, Nasdaq-100
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Amount: | $466,000
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Maturity: | Sept. 6, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes above initial level, par plus least-performing index’s return, subject to maximum upside return of 24.75%; if final level of least-performing index is equal to initial level or is less than initial level by up to 15%, par plus absolute value of lesser-performing index’s return; otherwise, 1% loss for every 1% that lesser-performing index declines beyond 15%
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Initial levels: | 2,273.774 for Russell, 15,582.51 for Nasdaq
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Buffer levels: | 85% of initial levels
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Pricing date: | Aug. 31
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Settlement date: | Sept. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.51094%
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Cusip: | 48132UT45
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