By Sarah Lizee
Olympia, Wash., Feb. 13 – JPMorgan Chase Financial Co. LLC priced $433,000 of 0% uncapped contingent buffered equity notes due Jan. 31, 2025 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, 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 index is greater than or equal to its initial level, the payout at maturity will be par plus the return of the lesser performing index, subject to a contingent minimum return of 24.5%.
If either index falls by up to 30%, the payout at maturity will be par.
If either index falls by more than 30% investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped contingent buffered equity notes
|
| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $433,000
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| Maturity: | Jan. 31, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level of each index is greater than or equal to its initial level, par plus greater of return of the lesser performing index and 24.5%; if either index falls by up to the contingent buffer, par; if either index falls by more than contingent buffer, 1% loss for every 1% that the lesser-performing index declines from its initial level
|
| Initial levels: | 1,614.061 for Russell and 3,225.52 for S&P
|
| Contingent buffer level: | 70% of initial levels
|
| Pricing date: | Jan. 31
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| Settlement date: | Feb. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.61547
|
| Cusip: | 48132HPN6
|
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