New Issue: JPMorgan sells $1.81 million uncapped dual directional buffered equity notes on indexes

By Kiku Steinfeld

Chicago, March 30 – JPMorgan Chase Financial Co. LLC priced $1.81 million of 0% uncapped dual directional buffered equity notes, due Dec. 28, 2023 linked to the Nasdaq-100 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.

The notes are guaranteed by JPMorgan Chase & Co.

The payout at maturity will be par plus any gain of the worst performer.

If the worst performer loses up to 15% of its value, the payout will be par plus the absolute value of its return, resulting in a maximum return of 15%.

Otherwise, investors will lose 1% for each 1% decline of the worst performer beyond 15%.

J.P. Morgan Securities LLC is the agent.

Issuer:	JPMorgan Chase Financial Co. LLC
Guarantor:	JPMorgan Chase & Co.
Issue:	Uncapped dual directional buffered equity notes
Underlying indexes:	Russell 2000 index, Dow Jones industrial average, Nasdaq-100 index
Amount:	$1,812,000
Maturity:	Dec. 28, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus any gain of worst performer; if the worst performer loses up to 15% of its value, par plus absolute value of its return, resulting in a maximum return of 15%; otherwise, 1% loss for each 1% decline of worst performer beyond buffer
Initial index levels:	15,176.51for Nasdaq, 34,258.32 for Dow, 2,218.561 for Russell
Buffer levels:	85% of initial levels
Pricing date:	Sept. 22
Settlement date:	Sept. 27
Agent:	J.P. Morgan Securities LLC
Fees:	0.4%
Cusip:	48132WSP5

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