By Sarah Lizee
Olympia, Wash., Sept. 9 – JPMorgan Chase Financial Co. LLC priced $759,000 of 0% uncapped contingent buffered equity notes due Sept. 5, 2023 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 the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the greater of 44.5% and the return of the lesser performing index.
If either index falls by up to 25%, the payout at maturity will be par.
If either index falls by more than 25%, investors will lose 1% for every 1% that the lesser-performing index declines 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 equity notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $759,000
|
| Maturity: | Sept. 5, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final level of each index is greater than or equal to its initial level, par plus the greater of 44.5% and the return of the lesser performing index; if either index falls by up to 25%, par; if either index falls by more than 25%, 1% loss for every 1% that the lesser-performing index declines from its initial level
|
| Initial levels: | 2,926.46 for S&P and 1,494.839 for Russell
|
| Pricing date: | Aug. 30
|
| Settlement date: | Sept. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132CW90
|
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