By Sarah Lizee
Olympia, Wash., April 7 – JPMorgan Chase Financial Co. LLC priced $665,000 of 0% uncapped contingent buffered equity notes due April 2, 2024 linked to the least 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 lesser-performing index’s return, subject to a contingent minimum return of 47%.
If the lesser performing index falls by up to 15%, the payout will be par.
If either index falls by more than 15% investors will lose 1% for every 1% that the least performing index declines from its initial level.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped contingent buffered equity notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $665,000
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| Maturity: | April 2, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final level of each index is greater than or equal to its initial level, par plus the lesser-performing index’s return, subject to a contingent minimum return of 47%, par; if lesser performing index falls by up to 15%, par; if either index falls by more than 15%, 1% loss for every 1% that the least-performing index declines from its initial level
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| Initial levels: | 1,131.988 for Russell and 2,541.47 for S&P
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| Contingent buffer levels: | 85% of initial levels
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| Pricing date: | March 27
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| Settlement date: | April 1
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48132KDQ5
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