By Taylor Fox
New York, March 22 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% uncapped digital barrier notes due March 14, 2023 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.
If the lesser performing index finishes at or above its initial level, the payout at maturity will be par plus the greater of the lesser performing index’s return and the digital upside return of 17.25%.
If the final level of either index is less than its initial level but the final level of each index is greater than or equal to its barrier level, 65% of its initial level, the payout will be par.
If the lesser performing index finishes below 65% of its initial level, the payout will be par plus the return with full exposure to the losses of the worst performer.
The notes are guaranteed by JPMorgan Chase & Co.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped digital barrier notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $1 million
|
| Maturity: | March 14, 2023
|
| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If lesser performing index finishes at or above initial level, par plus greater of lesser performing index’s return and 17.25%; if final level of either index is less than initial level but final level of each index is greater than or equal to barrier level, par; if lesser performer finishes below barrier level, full exposure to decline of worst performer
|
| Initial levels: | 3,875.44 for S&P, 2,245.059 for Russell
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| Barrier levels: | 2,519.036 for S&P, 1,459.28835 for Russell, 65% of initial levels
|
| Pricing date: | March 9
|
| Settlement date: | March 11
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48132TDQ6
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