By Wendy Van Sickle
Columbus, Ohio, June 11 – JPMorgan Chase Financial Co. LLC priced $1.08 million of 0% uncapped buffered return enhanced notes due May 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 the initial level, the payout at maturity will be par plus the greater of 39% and the gain of the worse performing index.
If either index finishes flat or falls but by no more than the 20% buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped buffered equity notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $1,075,000
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| Maturity: | May 31, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above the initial level, par plus lesser of 39% and the gain of the worse performing index; if either index falls but by no more than 20%, par; otherwise, 1% loss for each 1% decline of the worse performing index beyond 20%
|
| Initial levels: | 2,705.27 for S&P and 1,633.609 for Russell
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.54942%
|
| Cusip: | 46647MRZ1
|
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