By Marisa Wong
Morgantown, W.Va., April 10 – JPMorgan Chase Financial Co. LLC priced $338,000 of 0% dual directional contingent buffered return enhanced notes due March 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 the final level of each index is greater than its initial level, the payout at maturity will be par plus 1.25 times the return of the lesser-performing index.
If the final level of either index is equal to or less than its initial level but neither finishes below its initial level by more than 38%, the payout will be par plus the absolute value of the lesser-performing index’s return.
If the final level of either index is less than its initial level by more than 38%, investors will lose 1% for every 1% that the lesser-performing index’s final level is less than its initial level.
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: | Dual directional contingent buffered equity notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index
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| Amount: | $338,000
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| Maturity: | March 31, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.25 times any gain of the lesser-performing index; if lesser-performing index finishes flat or falls by up to 38%, par plus the absolute value of the lesser-performing index’s return; otherwise, 1% loss for every 1% that the lesser-performing index’s final level is less than its initial level
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| Initial levels: | 2,358.57 for S&P and 1,367.261 for Russell
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| Pricing date: | March 28
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| Settlement date: | March 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.25%
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| Cusip: | 46646QM77
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