By Wendy Van Sickle
Columbus, Ohio, April 9 – JPMorgan Chase Financial Co. LLC priced $4.15 million of 0% uncapped contingent buffered return enhanced notes due April 4, 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 1.25 times the return of the lesser performing index.
If either index falls by up to 40%, the payout at maturity will be par.
If either index falls by more than 40% 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped contingent buffered return enhanced notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $4,152,000
|
| Maturity: | April 4, 2024
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| 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 1.25 times the return of the least performing index; if either index falls by up to 40%, par; if either index falls by more than contingent buffer, 1% loss for every 1% that the least-performing index declines from its initial level
|
| Initial levels: | 1,153.105 for Russell and 2,584.59 for S&P
|
| Contingent buffer level: | 60% of initial levels
|
| Pricing date: | March 31
|
| Settlement date: | April 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.31148%
|
| Cusip: | 48132HX49
|
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