By Kiku Steinfeld
Chicago, Dec. 20 – JPMorgan Chase Financial Co. LLC priced $462,000 of 0% capped buffered equity notes due March 2, 2023 linked to the lesser performing of the Russell 2000 index and the SPDR S&P 500 ETF Trust, 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 the lesser-performing underlier’s return, capped at par plus 19.25%.
If the final level of either underlier is less than its initial level by up to 15%, par.
If the final level of either underlier is less than its initial level by more than 15%, investors will lose 1% for every 1% that the worst performer declines beyond 15%.
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: | Capped buffered equity notes
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Underlying assets: | Russell 2000 index, SPDR S&P 500 ETF Trust
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Amount: | $462,000
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Maturity: | March 2, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final level of each underlier is greater than its underlier level, par plus lesser-performing underlier’s return, capped at par plus 19.25%; if lesser-performing underlier falls by up to 15%, par; if final level of either underlier is less than initial level by more than 15%, 1% loss for every 1% that lesser-performing underlier declines beyond the buffer
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Initial levels: | $448.91 for ETF, 2,239.269 for index
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Buffer levels: | 85% of initial levels
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Pricing date: | Aug. 25
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Settlement date: | Aug. 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.25%
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Cusip: | 48132WFF1
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