By Sarah Lizee
Olympia, Wash., May 1 – JPMorgan Chase Financial Co. LLC priced $3.4 million of 0% uncapped contingent buffered return enhanced notes due April 29, 2025 linked to the least performing of the Dow Jones industrial average, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of each index is greater than its initial level, the payout at maturity will be par plus 1.7 times the return of the least-performing index.
If the final level of one or more indexes is greater than its initial level and the final level of the other index or indexes is equal to its initial level or is less than its initial level by up to 30% or if the final level of each index is equal to its initial level or is less than its initial level by up to 30%, the payout will be par.
If the final level of any index is less than its initial level by more than 30%, investors will lose 1% for every 1% that the least-performing index declines from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped contingent buffered return enhanced notes
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| Underlying indexes: | Dow Jones industrial average, Russell 2000 and S&P 500
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| Amount: | $3,396,000
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| Maturity: | April 29, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If final level of each index is greater than initial level, par plus 1.7 times return of least-performing index; if final level of one or more indexes is greater than initial level and final level of other index or indexes is equal to initial level or is less than initial level by up to 30% or if final level of each index is equal to initial level or is less than initial level by up to 30%, par; if final level of any index is less than initial level by more than 30%, 1% loss for every 1% that least-performing index declines from initial level
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| Initial levels: | 23,775.27 for Dow, 1,233.053 for Russell and 2,836.74 for S&P
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| Contingent buffer levels: | 70% of initial levels
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| Pricing date: | April 24
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| Settlement date: | April 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.75597%
|
| Cusip: | 48132KXT7
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