By Susanna Moon
Chicago, Jan. 2 – JPMorgan Chase Financial Co. LLC priced $2.78 million 0% contingent buffered return enhanced notes due Dec. 27, 2022 linked to the least performing of the iShares MSCI EAFE exchange-traded fund and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying component finishes above its initial level, the payout at maturity will be par plus 2.25 times the gain of the worse performing index or fund.
If either component falls but by no more than the 50% contingent buffer, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index or fund.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Contingent buffered return enhanced notes
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| Underlying assets: | iShares MSCI EAFE ETF and Euro Stoxx 50 index
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| Amount: | $2,784,000
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| Maturity: | Dec. 27, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each component gains, par plus 2.25 times return of worse performing component; if either component falls by up to 50%, par; otherwise, par plus return, with full exposure to any losses of worse performing component
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| Initial index levels: | $69.93 for fund and 3,570.78 for Stoxx
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| Contingent buffer: | 50%
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| Pricing date: | Dec. 21
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| Settlement date: | Dec. 27
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.74547%
|
| Cusip: | 48129HTU1
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