By Taylor Fox
New York, March 12 – JPMorgan Chase Financial Co. LLC priced $913,000 of 0% uncapped buffered return enhanced notes due March 3, 2026 linked to the lesser performing of the SPDR S&P 500 ETF trust and the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If each ETF gains, the payout at maturity will be par plus 1.08 times the return of the lesser-performing ETF.
If either ETF finishes flat or falls by up to 15% of its initial level, the payout will be par.
If either ETF falls by more than 15%, investors will lose 1% for every 1% that the lesser-performing ETF declines beyond the 15% buffer.
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 ETFs: | SPDR S&P 500 ETF trust and the iShares Russell 2000 ETF
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| Amount: | $913,000
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| Maturity: | March 3, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each ETF gains, par plus 1.084 times the return of lesser-performing ETF; par if either ETF finishes flat or falls up to 15% of initial level; 1% loss for every 1% that lesser-performing ETF declines beyond 15%
|
| Initial levels: | $380.36 for SPDR S&P and $218.31 for iShares Russell
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| Pricing date: | Feb. 26
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| Settlement date: | March 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.125%
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| Cusip: | 48132R5T3
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