By Susanna Moon
Chicago, May 5 – JPMorgan Chase Financial Co. LLC priced $1.6 million of 0% contingent buffered equity notes due May 2, 2022 linked to 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 index finishes at or above the 80% threshold, the payout at maturity will be par plus the greater of the contingent minimum return of 25% and any index gain up to a maximum return of 57%.
Otherwise, investors will be exposed to any losses if the index falls by more than the 20% contingent buffer.
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 equity notes
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| Underlying index: | Russell 2000
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| Amount: | $1,597,000
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| Maturity: | May 2, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above 80% threshold, par plus greater of 25% and any index gain capped at 57%; otherwise, 1% loss for each 1% decline
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| Initial index level: | 1,417.127
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| Contingent buffer: | 20%
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| Pricing date: | April 27
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| Settlement date: | May 2
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 5%
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| Cusip: | 46646Q5H4
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