By Susanna Moon
Chicago, May 30 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% dual directional contingent buffered equity notes due May 18, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the underlying index finishes above its initial, the payout at maturity will be par plus the gain.
If the asset falls by up to the 41% contingent buffer, the payout will be par plus the absolute value of the return.
Otherwise, investors will lose 1% for each 1% decline.
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 index: | S&P 500
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| Amount: | $1,003,000
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| Maturity: | May 18, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If asset gains, par plus return; if asset falls by up to 41%, par plus absolute return; otherwise, 1% loss for each 1% decline
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| Initial level: | 2,733.01
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| Contingent buffer: | 41%
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| Pricing date: | May 21
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| Settlement date: | May 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48129MTH9
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