By Angela McDaniels
Tacoma, Wash., June 27 – JPMorgan Chase Financial Co. LLC priced $557,000 of 0% uncapped contingent buffered equity notes due Nov. 16, 2021 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 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 the lesser-performing index’s return and 42%.
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 50% or the final level of each index is less than its initial level by up to 50%, the payout will be par.
If the final level of either index is less than its initial level by more than 50%, investors will be fully exposed to the decline of the lesser-performing index.
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: | $557,000
|
| Maturity: | Nov. 16, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of each index is greater than or equal to initial level, par plus greater of lesser-performing index’s return and 42%; 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 50% or final level of each index is less than initial level by up to 50%, par; if final level of either index is less than initial level by more than 50%, full exposure to decline of lesser-performing index
|
| Initial levels: | 2,167.48 for S&P 500 and 1,251.608 for Russell 2000
|
| Pricing date: | Nov. 10
|
| Settlement date: | Nov. 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.225%
|
| Cusip: | 46646E3G5
|
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