By Tali Rackner
Norfolk, Va., Jan. 30 – JPMorgan Chase Financial Co. LLC priced $934,000 of 0% uncapped buffered return enhanced notes due Jan. 31, 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 each index finishes above its 132% upside threshold level, the payout at maturity will be par plus the contingent minimum return of 32% plus 1.25 times the return of the lesser-performing index.
If each index finishes above its initial level but below the upside threshold level, the payout will be par plus 32%.
If either index falls by up to 30%, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the lesser-performing index if either index falls by more than the buffer.
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: | Uncapped buffered return enhanced notes
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| Underlying indexes: | S&P 500, Russell 2000
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| Amount: | $934,000
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| Maturity: | Jan. 31, 2022
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If each index finishes above 132% upside threshold level, par plus contingent minimum return of 32% plus 1.25 times return of lesser-performing index; par plus 32% if each index finishes above initial level but below upside threshold; par if either index declines by up to 30%; otherwise, full exposure to losses of lesser-performing index beyond 30%
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| Initial index levels: | 2,296.68 for S&P, 1,375.595 for Russell
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| Upside thresholds: | 3,031.6176 for S&P, 1,815.7854 for Russell; 132% of initial levels
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.46146%
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| Cusip: | 46646QHH1
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