Chicago, Sept. 5 – JPMorgan Chase Financial Co. LLC priced $465,000 of uncapped dual directional contingent buffered return enhanced notes due Aug. 31, 2022 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.15 times the lesser performing index return if both indexes finish above their initial levels.
If either index declines, but not more than 25%, the payout will be par plus the absolute return of the lesser performing index.
Otherwise, investors will be fully exposed to the decline of the lesser performing index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Issue: | Uncapped dual directional contingent buffered return enhanced notes
|
| Underliers: | Dow Jones industrial average and the Russell 2000
|
| Amount: | $465,000
|
| Maturity: | Aug. 31, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.15 times lesser performing index return if both finish positive; par plus absolute index return of lesser performing index if worst performer finishes lower but not below negative 25%; otherwise full exposure to losses of worst performer
|
| Initial levels: | 25,777.90 for DJIA and 1,456.039 for Russell
|
| Buffer levels: | 75% of initial levels
|
| Pricing date: | Aug. 27
|
| Settlement date: | Aug. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 48132CF57
|
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