By Sarah Lizee
Olympia, Wash., April 22 – JPMorgan Chase Financial Co. LLC priced $1.78 million of 0% uncapped contingent buffered return enhanced notes due April 22, 2024 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 1.4 times the gain of the lesser performing index.
Investors will receive par if the lesser performing index falls by up to 40%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
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 contingent buffered return enhanced notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $1.78 million
|
| Maturity: | April 22, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above initial level, par 1.4 times any gain of worse performing index; par if worse performing index falls by up to 40%; otherwise, 1% loss for each 1% decline of worse performing index
|
| Initial levels: | 1,567.597 for Russell and 2,900.45 for S&P 500
|
| Pricing date: | April 17
|
| Settlement date: | April 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.125%
|
| Cusip: | 48132CCN1
|
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