By Angela McDaniels
Tacoma, Wash., June 27 – JPMorgan Chase Financial Co. LLC priced $511,000 of 0% uncapped dual directional contingent buffered equity notes due June 28, 2024 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of 28.5% and the lesser-performing index’s return.
If the final level of one index is greater than or equal to its initial level and the final level of the other index is less than its initial level by up to 30% or if the final level of each index is less than its initial level by up to 30%, the payout will be par plus the absolute value of the lesser-performing index’s return.
If the final level of either index is less than its initial level by more than 30%, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.
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: | Uncapped dual directional contingent buffered equity notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $511,000
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Maturity: | June 28, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above initial level, par plus greater of 28.5% and lesser-performing index’s return; if final level of one index is greater than or equal to initial level and final level of other index is less than initial level by up to 30% or if final level of each index is less than initial level by up to 30%, par plus absolute value of lesser-performing index’s return; if final level of either index is less than initial level by more than 30%, 1% loss for every 1% that lesser-performing index declines from initial level
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Initial levels: | 1,521.035 for Russell 2000 and 2,917.38 for S&P 500
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Pricing date: | June 25
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Settlement date: | June 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4.11204%
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Cusip: | 48132CQG1
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