New York, May 30 – JPMorgan Chase Financial Co. LLC priced $26.73 million of 0% uncapped buffered return enhanced notes due May 28, 2026 linked to the SPDR Dow Jones industrial average ETF Trust and SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing ETF gains the payout at maturity will be par plus 120% of the return of the worst performing ETF. The payout will be par if the worst performing ETF declines but by no more than the 30% buffer. Investors will lose 1.42857% for every 1% that the worst performing ETF declines 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 return enhanced notes
|
| Underlying ETFs: | SPDR Dow Jones industrial average ETF Trust and SPDR S&P 500 ETF Trust
|
| Amount: | $26,726,000
|
| Maturity: | May 28, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing ETF gains par plus 120% of worst performing ETF return; par if worst performing ETF declines but by no more than 30% buffer; 1.42857% loss for every 1% that worst performing ETF declines beyond the buffer
|
| Initial levels: | $332.90 for SPDR Dow Jones industrial average, $418.79 for SPDR S&P 500
|
| Upside leverage: | 120%
|
| Downside leverage: | 142.857%
|
| Cap: | None
|
| Buffer: | 30%
|
| Pricing date: | May 22
|
| Settlement date: | May 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48133WUB2
|
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