By Susanna Moon
Chicago, Aug. 7 – JPMorgan Chase Financial Co. LLC priced $4.01 million of 0% uncapped contingent buffered return enhanced notes due Aug. 4, 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 initial level, the payout at maturity will be par plus 1.6 times the gain of the worse performing index.
If either index falls but by no more than the 50% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
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 contingent buffered return enhanced notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $4,012,000
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| Maturity: | Aug. 4, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index gains, par plus 1.6 times return of worse performing index; if either index falls by up to 50%, par; otherwise, 1% loss for each 1% decline of worse performing index
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| Initial index levels: | 2,470.30 for S&P, 1,425.144 for Russell
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| Contingent buffer: | 50% of initial levels
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| Pricing date: | July 31
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| Settlement date: | Aug. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.62257%
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| Cusip: | 46647MUX9
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