By Susanna Moon
Chicago, Sept. 5 – JPMorgan Chase Financial Co. LLC priced $440,000 of 0% buffered return enhanced notes due Aug. 31, 2023 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying index finishes above its initial level, the payout at maturity will be par plus 1.15 times the gain of the worse performing asset.
If either asset falls but by up to 22.5%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index 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: | Buffered return enhanced notes
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| Underlying indexes: | Russell 2000 and S&P 500
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| Amount: | $440,000
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| Maturity: | Aug. 31, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each asset gains, par plus 1.15 times return of worse performing asset; if either asset falls by up to 22.5%, par; otherwise, 1% loss for each 1% decline of worse performing index beyond 22.5%
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| Initial levels: | 1,728.422 for Russell and 2,897.52 for S&P
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| Pricing date: | Aug. 28
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| Settlement date: | Aug. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.88977%
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| Cusip: | 48129MV37
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