New York, March 17 – JPMorgan Chase Financial Co. LLC priced $1.77 million of 0% capped buffered return enhanced notes due April 14, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout at maturity will be par plus 200% of the return of the worst performing index capped at par plus 13.1%. The payout will be par if the worst performing index declines but by no more than the 10% buffer. Investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
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: | Capped buffered return enhanced notes
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| Underlying index: | S&P 500 index
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| Amount: | $1,771,000
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| Maturity: | April 14, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index gains par plus 200% of worst performing index return capped at par plus 13.1%; par if worst performing index declines but by no more than 10% buffer; 1% loss for every 1% that worst performing index declines beyond the buffer
|
| Initial level: | 4,204.31
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| Upside leverage: | 200%
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| Cap: | 13.1%
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| Buffer: | 10%
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| Pricing date: | March 11
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| Settlement date: | March 16
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.35%
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| Cusip: | 48133DUQ1
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