By Wendy Van Sickle
Columbus, Ohio, July 27 – JPMorgan Chase Financial Co. LLC priced $2 million of capped buffered return enhanced notes due Aug. 25, 2021 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 the lesser performing index’s return is at least 94% of its initial level, the payout at maturity will be par plus 6% plus 1.55 times the return of the lesser performing index, up to a maximum return of 46.5%.
Investors will receive par if the lesser performing index’s return is between negative 6% and negative 16% and will be exposed to any losses beyond 16%.
The notes are guaranteed by JPMorgan Chase & Co.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered return enhanced notes
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| Underlying indexes: | S&P 500 index and Russell 2000 index
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| Amount: | $2 million
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| Maturity: | Aug. 25, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If laggard index’s return is at least 94% of initial level, par plus 6% plus 1.55 times return of lesser performing index, capped at 46.5%; par if lesser performing index declines by between 6% and 16%; exposure to losses beyond 16%
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| Initial levels: | 2,469.91 for the S&P and 1,438.055 for Russell
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| Pricing date: | July 24
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| Settlement date: | July 27
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| Agents: | J.P. Morgan Securities LLC
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| Fees: | 1.75%
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| Cusip: | 46647MYY3
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