By Susanna Moon
Chicago, Sept. 5 – JPMorgan Chase Financial Co. LLC priced $1.53 million of 0% buffered return enhanced notes due Aug. 31, 2022 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 1.1 times the gain of the worse performing index.
If either index falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond the buffer.
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: | Buffered return enhanced notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $1,532,000
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| Maturity: | Aug. 31, 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 1.1 times return of worse performing index; if either index falls by up to 25%, par; otherwise, 1% loss for each 1% decline of worse performing index beyond 25%
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| Initial levels: | 2,444.24 for S&P, 1,382.229 for Russell
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| Pricing date: | Aug. 28
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| Settlement date: | Aug. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.70463%
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| Cusip: | 46647ME74
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