By Wendy Van Sickle
Columbus, Ohio, May 9 – JPMorgan Chase Financial Co. LLC priced $479,000 of 0% uncapped buffered equity notes due April 30, 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 each index finishes at or above its initial level, the payout at maturity will be par plus the greater of 35.5% and the return of the worse performing index.
If either index falls but neither falls by no more than 20%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond the 20% buffer.
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 index, S&P 500 index
|
| Amount: | $479,000
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| Maturity: | April 30, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus the greater of 35.5% and the return of the worse performing index; if either index falls but neither falls by no more than 20%, par; otherwise, 1% loss for each 1% decline of the worse performing index beyond the 20% buffer
|
| Initial levels: | 2,945.83 for S&P and 1,591.211 for Russell
|
| Pricing date: | April 30
|
| Settlement date: | May 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.82881%
|
| Cusip: | 48132CAD5
|
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