By Wendy Van Sickle
Columbus, Ohio, April 10 – JPMorgan Chase Financial Co. LLC priced $3.22 million of 0% uncapped contingent buffered return enhanced notes due March 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 at or above negative 40%, the payout at maturity will be par plus the 28% minimum return plus an additional 1.25 times any appreciation of the lesser performing index beyond 28%.
If the lesser performing index falls by more than 40%, investors will lose 1% for each 1% decline from its initial level.
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 contingent buffered return enhanced notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $3,222,000
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| Maturity: | March 31, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above negative 40%, par plus 28% minimum return plus an additional 1.25 times any appreciation of the lesser performing index beyond 28%; if the lesser performing index falls by more than 40%, investors will lose 1% for each 1% decline from initial level of the lesser performing index
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| Initial levels: | 2,358.57 for S&P and 1,367.261 for Russell
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| Pricing date: | March 28
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| Settlement date: | March 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.62919%
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| Cusip: | 46646QQ73
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