By Marisa Wong
Morgantown, W.Va., April 10 – JPMorgan Chase Financial Co. LLC priced $4.17 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 its initial level, the payout at maturity will be par plus 1.45 times the gain of the lesser performing index.
If one or both indexes fall but by up to the 50% contingent buffer, the payout will be par.
If the lesser performing index falls by more 50%, 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped contingent buffered return enhanced notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $4,166,000
|
| Maturity: | March 31, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the lesser performing index gains, par plus 1.45 times that gain; if the lesser performing index falls by up to the 50% contingent buffer, par; if the lesser performing index falls by more 50%, investors will lose 1% for each 1% decline of the lesser performing index from its initial level
|
| Initial levels: | 2,358.57 for S&P and 1,367.261 for Russell
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.03889%
|
| Cusip: | 46646QQ57
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