By Sarah Lizee
Olympia, Wash., Oct. 30 – JPMorgan Chase Financial Co. LLC priced $1.7 million of uncapped buffered return enhanced notes due Oct. 31, 2023 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index closes at or above its initial value, the payout at maturity will be par plus 1.17 times any gain of the lesser performing index.
If any index declines by up to 20%, the payout will be par. Investors will be exposed to any losses of the lesser performing index beyond 20%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped buffered return enhanced notes
|
| Underlying indexes: | Russell 2000 index and the S&P 500 index
|
| Amount: | $1,704,000
|
| Maturity: | Oct. 31, 2023
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.17 times return of the lesser performing index; par if either index declines by up to 20%; exposure to any losses of the lesser performing index beyond 20%
|
| Initial value: | 1,483.821
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Agents: | J.P. Morgan Securities LLC
|
| Fees: | 4.07079%
|
| Cusip: | 48130U2G9
|
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