By Sarah Lizee
Olympia, Wash., March 18 – JPMorgan Chase Financial Co. LLC priced $341,000 of 0% capped buffered equity notes due March 16, 2022 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 lesser performing index’s return, capped at par plus 23.25%.
If the final level of one index is greater than or equal to its initial level and the final level of the other index is less than its initial level by up to 20% or if the final level of each index is less than its initial level by up to 20%, the payout will be par.
If the final level of either index is less than its initial level by more than 20%, investors will lose 1% for every 1% that the lesser-performing index declines beyond 20%.
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 equity notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $341,000
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Maturity: | March 16, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final level of each index is greater than or equal to initial level, par plus lesser performing index’s return, capped at par plus 23.25%; if final level of one index is greater than or equal to initial level and final level of other index is less than initial level by up to 20% or if final level of each index is less than initial level by up to 20%, par; if final level of either index is less than initial level by more than 20%, 1% loss for every 1% that lesser-performing index declines beyond 20%
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Initial levels: | 2,741.38 for S&P and 1,264.296 for Russell
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Buffer levels: | 80% of initial levels
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Pricing date: | March 11
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Settlement date: | March 16
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132HJ45
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