By Marisa Wong
Morgantown, W.Va., Feb. 1 – JPMorgan Chase Financial Co. LLC priced $1.97 million of 0% uncapped contingent buffered equity notes due Jan. 30, 2024 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.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its upper threshold value, 115% of the initial level, the payout at maturity will be par plus the greater of the return of the lesser-performing index and 53%.
If either index finishes below its upper threshold value but each finishes at or above 60% of its initial level, the payout will be par plus 15%.
If either index falls by more than 40%, 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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped contingent buffered equity notes
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| Underlying indexes: | Russell 2000 and S&P 500
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| Amount: | $1,965,000
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| Maturity: | Jan. 30, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes at or above its upper threshold value, par plus the greater of the return of the lesser-performing index and 53%; if either index finishes below its upper threshold value but each finishes at or above 60% of its initial level, par plus 15%; if either index falls by more than 40%, 1% loss for each 1% decline of the lesser-performing index
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| Initial levels: | 2,664.76 for S&P and 1,482.853 for Russell
|
| Upper thresholds: 3,064.474 for S&P and 1,705.28095 for Russell; 115% of initial levels
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| Pricing date: | Jan. 25
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| Settlement date: | Jan. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
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| Cusip: | 48130WSU6
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