By Susanna Moon
Chicago, May 11 – JPMorgan Chase Financial Co. LLC priced $2.04 million of 0% uncapped buffered equity notes due April 28, 2023 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying index finishes above its initial level, the payout at maturity will be par plus the greater of the gain of the worse performing asset and a contingent minimum return of 40%.
If either asset falls but by up to 20%, 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped buffered equity notes
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $2,042,000
|
| Maturity: | April 28, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each asset gains, par plus return of worse performing asset, with floor of 40%; if either asset falls by up to 20%, par; otherwise, 1% loss for each 1% decline of worse performing index beyond 20%
|
| Initial levels: | 1,541.884 for Russell and 2,648.05 for S&P
|
| Pricing date: | April 30
|
| Settlement date: | May 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.67758%
|
| Cusip: | 48129MKF2
|
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