By Angela McDaniels
Tacoma, Wash., Dec. 4 – JPMorgan Chase Financial Co. LLC priced $4.33 million of 0% uncapped contingent buffered return enhanced notes due Nov. 30, 2022 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each underlier is greater than its initial level, the payout at maturity will be par plus 2.6 times the return of the lesser-performing underlier.
If the final level of one underlier is greater than its initial level and the final level of the other underlier is equal to its initial level or is less than its initial level by up to 50% or if the final level of each underlier is equal to its initial level or is less than its initial level by up to 50%, the payout will be par.
If the final level of either underlier is less than its initial level by more than 50%, investors will be exposed to the decline of the lesser-performing underlier from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped contingent buffered return enhanced notes
|
| Underliers: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
|
| Amount: | $4,332,000
|
| Maturity: | Nov. 30, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each underlier finishes above initial level, par plus 2.6 times return of lesser-performing underlier; if one underlier finishes above initial level and other underlier finishes at initial level or declines by up to 50% or if each underlier finishes at initial level or declines by up to 50%, par; if either underlier declines by more than 50%, exposure to decline of lesser-performing underlier from initial level
|
| Initial levels: | $70.11 for ETF and 3,569.93 for index
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.73777%
|
| Cusip: | 48129HMB0
|
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