By Wendy Van Sickle
Columbus, Ohio, April 17 – JPMorgan Chase Financial Co. LLC priced $2.01 million of 0% uncapped contingent buffered return enhanced notes due April 21, 2025 linked to the least performing of the Russell 2000 index and the Dow Jones industrial average, 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 1.32 times the return of the lesser performing index.
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 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
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| Underlying indexes: | Russell 2000 and Dow Jones industrial average
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| Amount: | $2,009,000
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| Maturity: | April 21, 2025
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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 1.32 times the return of the least performing index; if either index falls by up to 30%, 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: | 23,504.35 for Dow and 1,183.977 for Russell
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| Contingent buffer level: | 70% of initial levels
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| Pricing date: | April 15
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| Settlement date: | April 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.7%
|
| Cusip: | 48132KSK2
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