By Susanna Moon
Chicago, Jan. 30 – JPMorgan Chase Financial Co. LLC priced $6.67 million of 0% contingent buffered return enhanced notes due Jan. 31, 2022 linked to the lesser 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 will be guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.75 times the return of the worse performing index.
If either index falls but by up to the 50% contingent buffer, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
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: | Contingent buffered return enhanced notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $6.67 million
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| Maturity: | Jan. 31, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index gains, par plus 1.75 times the return of the worse performing index; if either index falls by up to the 50%, par; otherwise, full exposure to any losses of worse performing index
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| Initial index level: | 2,296.68 for S&P and 1,375.595 for Russell
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| Contingent buffer: | 50%
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.60982%
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| Cusip: | 46646QHM0
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