By Susanna Moon
Chicago, April 28 – JPMorgan Chase Financial Co. LLC priced $107,000 of 0% uncapped buffered equity notes due April 30, 2021 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.
If each index finishes at or above its initial level, the payout at maturity will be par plus the return of the worse performing index.
If either index falls but by no more than the 30% buffer, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index beyond 30%.
J.P. Morgan Securities LLC is the agent.
The notes are guaranteed by JPMorgan Chase & Co.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped buffered equity notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $107,000
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| Maturity: | April 30, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index gains, par plus the return of worse performing index; par if either index falls by up to 25%; otherwise, 1% loss per 1% decline of worse performing index beyond 25%
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| Initial levels: | 2,388.61 for S&P and 1,411.077 for Russell
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| Pricing date: | April 25
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| Settlement date: | April 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.75%
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| Cusip: | 46646Q4J1
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