Chicago, Jan. 31 – JPMorgan Chase Financial Co. LLC priced $1.47 million of 0% uncapped buffered return enhanced notes due Jan. 13, 2028 linked to the lesser performing of the Invesco S&P 500 Equal Weight ETF and S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing asset gains the payout at maturity will be par plus 148.5% of the return of the worst performing asset. The payout will be par if the worst performing asset declines but by no more than the 15% buffer. Investors will lose 1.17647% for every 1% that the worst performing asset 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped buffered return enhanced notes
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| Underlying assets: | Invesco S&P 500 Equal Weight ETF and S&P MidCap 400 index
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| Amount: | $1.47 million
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| Maturity: | Jan. 13, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing asset gains par plus 148.5% of worst performing asset return; par if worst performing asset declines but by no more than 15% buffer; 1.17647% loss for every 1% that worst performing asset declines beyond the buffer
|
| Initial levels: | $157.38 for S&P 500 Equal Weight ETF, 2,747.49 for S&P MidCap 400
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| Buffer levels: | 85% of initial levels
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| Upside leverage: | 148.5%
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| Downside leverage: | 117.647%
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| Cap: | None
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| Buffer: | 15%
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| Pricing date: | Jan. 8
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| Settlement date: | Jan. 11
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48134TA38
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