By Wendy Van Sickle
Columbus, Ohio, March 2 – JPMorgan Chase Financial Co. LLC priced $3.16 million of 0% uncapped contingent buffered return enhanced notes due Feb. 28, 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 are guaranteed by JPMorgan Chase & Co.
If the return of the lesser performing index is positive, the payout at maturity will be par plus 1.5 times the return of the lesser-performing index. If the return of the lesser-performing index is flat or falls by up to 50%, the payout will be par.
Otherwise, investors will be fully exposed to the loss of the lesser-performing index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped contingent buffered return enhanced notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $3,163,000
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| Maturity: | Feb. 28, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If lesser-performing index return is positive, par plus 1.5 times gain of lesser-performing index; par if return of less-performing index is flat or falls by up to 50%; otherwise, full exposure to loss of lesser-performing index
|
| Initial levels: | 2,363.81 for S&P, 1,394.623 for Russell
|
| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.09734%
|
| Cusip: | 46646QZR9
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