New York, May 30 – JPMorgan Chase Financial Co. LLC priced $8.14 million of 0% uncapped buffered return enhanced notes due May 27, 2027 linked to the SPDR Dow Jones industrial average ETF Trust and the 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 135% of the return of that ETF.
The payout will be par if the worst performing ETF declines by no more than 30%. Otherwise, investors will lose 1.42857% for every 1% that the worst performing ETF declines beyond 30%.
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.
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| Issue: | Uncapped buffered return enhanced notes
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| Underlying ETFs: | SPDR Dow Jones industrial average ETF Trust and SPDR S&P 500 ETF Trust
|
| Amount: | $8,138,000
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| Maturity: | May 27, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst performing ETF gains, par plus 135% of that ETF’s return; par if worst performing ETF declines by no more than 30%; otherwise, 1.42857% loss for every 1% that worst performing ETF declines beyond 30%
|
| Initial levels: | $332.90 for SPDR Dow Jones industrial average, $418.79 for SPDR S&P 500
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| Upside leverage: | 135%
|
| Downside leverage: | 142.857%
|
| Buffer: | 30%
|
| Pricing date: | May 22
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| Settlement date: | May 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48133WUA4
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