By Angela McDaniels
Tacoma, Wash., April 1 – JPMorgan Chase Financial Co. LLC priced $1.54 million of 0% uncapped contingent buffered return enhanced notes due March 28, 2024 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.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each index is greater than its initial level, the payout at maturity will be par plus 1.15 times the return of the lesser-performing index.
If the final level of one index is greater than its initial level and the final level of the other index is equal to its initial level or is less than its initial level by up to 50% or if the final level of each index is equal to its initial level or is less than its initial level by up to 50%, the payout will be par.
If the final level of either index is less than its initial level by more than 50%, investors will be exposed to the decline of the lesser-performing index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped contingent buffered return enhanced notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $1,539,000
|
| Maturity: | March 28, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above initial level, par plus 1.15 times return of lesser-performing index; if one index finishes above initial level and other index finishes at initial level or declines by up to 50% or if each index finishes at initial level or declines by up to 50%, par; if either index declines by more than 50%, exposure to decline of lesser-performing index from initial level
|
| Initial levels: | 11,528.166 for Russell 2000 and 2,818.46 for S&P 500
|
| Pricing date: | March 26
|
| Settlement date: | March 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.125%
|
| Cusip: | 48130W4B4
|
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