By Wendy Van Sickle
Columbus, Ohio, March 29 – JPMorgan Chase Financial Co. LLC priced $1.61 million of 0% uncapped buffered return enhanced notes due March 31, 2023 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 above its initial level, the payout at maturity will be par 1.15 times any gain of the worse performing index.
If either index falls by up to 22.5%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond 22.5%.
The notes are guaranteed by JPMorgan Chase & Co.
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: | $1.61 million
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| Maturity: | March 31, 2023
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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 1.15 times any gain of worse performing index; if either index falls by up to 22.5%, par; otherwise, 1% loss for each 1% decline of worse performing index beyond 22.5%
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| Initial levels: | 1,543.717 for Russell and 2,658.55 for S&P
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| Pricing date: | March 26
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| Settlement date: | March 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.9038%
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| Cusip: | 48129MAM8
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