By Sarah Lizee
Olympia, Wash., Sept. 2 – JPMorgan Chase Financial Co. LLC priced $784,000 of 0% capped buffered return enhanced notes due Dec. 3, 2021 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 gains, the payout at maturity will be par plus 2 times the return of the lesser-performing index, capped at par plus 15%.
If either index finishes flat or falls by up to 10% of its initial level, the payout will be par.
If either index falls by more than 10%, investors will lose 1% for every 1% that the lesser-performing index 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: | Capped buffered return enhanced notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $784,000
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| Maturity: | Dec. 3, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index gains, the payout at maturity will be par plus 2 times the return of the lesser-performing index, capped at par plus 15%; if either index finishes flat or falls by up to 10% of its initial level, the payout will be par; if either index falls by more than 10%, investors will lose 1% for every 1% that the lesser-performing index declines beyond the buffer.
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| Initial levels: | 1,561.876 for Russell 2000 and 3,500.31 for S&P 500
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| Buffer levels: | 90% of initial levels
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| Pricing date: | Aug. 31
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| Settlement date: | Sept. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.45%
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| Cusip: | 48132MYR6
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