By Sarah Lizee
Olympia, Wash., May 22 – JPMorgan Chase Financial Co. LLC priced $160,000 of 0% uncapped contingent buffered return enhanced notes due May 22, 2025 linked to the least performing of the Dow Jones industrial average, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.7 times the gain of the least performing index.
Investors will receive par if the least performing index falls by up to 30%.
Otherwise, investors will lose 1% for each 1% decline of the worst performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| 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, S&P 500 and Russell 2000
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| Amount: | $160,000
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| Maturity: | May 22, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above initial level, par plus 1.7 times any gain of worst performing index; par if worst performing index falls by up to 30%; otherwise, 1% loss for each 1% decline of worst performing index
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| Initial levels: | 24,206.86 for Dow, 1,307.719 for Russell and 2,922.94 for S&P
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| Contingent buffer: | 70% of initial levels
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| Pricing date: | May 19
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| Settlement date: | May 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 4.125%
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| Cusip: | 48132KK61
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