By Kiku Steinfeld
Chicago, Dec. 1 – JPMorgan Chase Financial Co. LLC priced $1.76 million of 0% uncapped dual directional accelerated barrier notes Nov. 24, 2027 linked to the Euro Stoxx 50 index, 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 1.6 times any index gain.
If the index falls or finishes at or above 70% of its initial level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped dual directional accelerated barrier notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $1,759,000
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| Maturity: | Nov. 24, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.6 times any gain; if index falls or finishes at or above barrier level, par plus absolute value of return; otherwise, 1% loss for each 1% decline from initial level
|
| Initial index level: | 4,356.4
|
| Barrier level: | 3,049.529; 70% of initial level
|
| Pricing date: | Nov. 19
|
| Settlement date: | Nov. 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.25%
|
| Cusip: | 48132YLB9
|
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