By Kiku Steinfeld
Chicago, March 25 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% uncapped buffered return enhanced notes due April 14, 2021 linked to the lesser performing of the S&P 500 index and the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If each asset finishes above its initial level, the payout at maturity will be par plus 2.19 times the gain of the worse performing asset.
If the lesser performing asset falls but by no more than 15%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing asset beyond 15%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped buffered return enhanced notes
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| Underlying assets: | S&P 500 index and Energy Select Sector SPDR fund
|
| Amount: | $500,000
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| Maturity: | April 14, 2021
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If each asset finishes above its initial level, par plus 2.19 times gain of worse performing asset; if lesser performing index falls by up to 15%, par; otherwise, 1% loss for each 1% decline of worse performing index beyond 15%
|
| Initial index levels: | 2,480.64 for index, $29.47 for ETF
|
| Buffer levels: | 85% of initial levels
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| Pricing date: | March 12
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| Settlement date: | March 17
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.35%
|
| Cusip: | 48132KHT5
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