By Tali Rackner
Minneapolis, April 6 – JPMorgan Chase Financial Co. LLC priced $1.02 million of 0% uncapped contingent buffered equity notes due April 10, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes above its initial level, the payout at maturity will be par plus the greater of the gain of the lesser-performing index and 36.25%.
If the either index falls but by no more than 40%, the payout will be par plus 15%.
Otherwise, investors will lose 1% for each 1% decline of the lesser-performing index.
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 equity notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $1.02 million
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| Maturity: | April 10, 2023
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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 initial level, par plus greater of gain of the lesser-performing index and 36.25%; if either index falls by up to 40%, par plus 15%; otherwise, 1% loss for each 1% decline of lesser-performing index
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| Initial index levels: | 2,644.69 for S&P, 1,531.665 for Russell
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| Pricing date: | April 4
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| Settlement date: | April 9
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48129MGQ3
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