By Wendy Van Sickle
Columbus, Ohio, July 6 – JPMorgan Chase Financial Co. LLC priced $1.89 million of 0% uncapped buffered return enhanced notes due July 6, 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 28%, plus an additional 1.2 times any return of the lesser performing index above 28%.
If the lesser performing index falls by up to 30%, the payout will be par. If the lesser performing index falls by more than 30%, 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 buffered return enhanced notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $1.89 million
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| Maturity: | July 6, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If lesser performing index finishes at or above initial level, par plus 28%, plus an additional 1.2 times any gain of the lesser performing index beyond 28%; if lesser performing index falls by up to 30%, par; if lesser performing index falls by more than 30%, investors will lose 1% for each 1% decline from initial level
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| Initial index levels: | 2,423.41 for S&P 500 and 1,415.359 for Russell 2000
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| Pricing date: | June 30
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| Settlement date: | July 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.45093%
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| Cusip: | 46647MFC2
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