By Wendy Van Sickle
Columbus, Ohio, May 10 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% capped buffered return enhanced notes due Jan. 4, 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 above its initial value, the payout at maturity will be par plus 1.4 times the return of the lesser performing index, capped at par plus 56%.
If either index falls but neither falls by more than 14%, the payout will be par. Investors will be exposed to any decline in the lesser performing index beyond 14%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered return enhanced notes
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| Underlying indexes: | Russell 2000 and S&P 500
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| Amount: | $2 million
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| Maturity: | Jan. 4, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.4 times any gain in the lesser performing index, capped at par plus 56%; if either index falls but neither falls by more than 14%, par; exposure to any decline in the lesser performing index beyond 14%
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| Initial levels: | 2,879.42 for S&P 500 and 1,574.975 for Russell
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| Pricing date: | May 8
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| Settlement date: | May 13
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48132CLP6
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