By Wendy Van Sickle
Columbus, Ohio, June 29 – JPMorgan Chase Financial Co. LLC priced $39,000 of 0% uncapped buffered return enhanced notes due June 30, 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.
If each index finishes above its 130% upside threshold, the payout at maturity will be par plus 1.025 times the gain of the worse performing index over the 30% contingent minimum return.
If either index gains by up to the upside threshold, the payout at maturity will be par plus 30%.
If either index falls but by no more than the 30% buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond 30%.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Uncapped buffered return enhanced notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $39,000
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| Maturity: | June 30, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes above its 130% upside threshold, par plus 1.025 times the gain of the worse performing index over the 30% contingent minimum return; if either index gains by up to the upside threshold, par plus 30%; if either index falls by up to 30%, par; otherwise, 1% loss for each 1% decline of worse performing index beyond 30%
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| Initial index levels: | 2,419.38 for S&P 500 and 1,403.522 for Russell 2000
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| Pricing date: | June 27
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| Settlement date: | June 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.25%
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| Cusip: | 46647MEL3
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