By Angela McDaniels
Tacoma, Wash., Oct. 25 – JPMorgan Chase Financial Co. LLC priced $1.05 million of 0% uncapped contingent buffered return enhanced notes due Oct. 28, 2024 linked to the lesser performing of the iShares Russell Mid-Cap exchange-traded fund and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of each underlier is greater than its initial level, the payout at maturity will be par plus 1.225 times the lesser-performing underlier’s return.
If the final level of one underlier is greater than its initial level and the final level of the other underlier is equal to its initial level or less than its initial level by up to 35% or if the final level of each underlier is equal to its initial level or is less than its initial level by up to 35%, the payout will be par.
If the final level of either underlier is less than its initial level by more than 35%, investors will lose 1% for every 1% that the lesser-performing underlier declines from its initial level.
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 contingent buffered return enhanced notes
|
| Underliers: | iShares Russell Mid-Cap ETF and S&P 500 index
|
| Amount: | $1.05 million
|
| Maturity: | Oct. 28, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of each underlier is greater than initial level, par plus 1.225 times lesser-performing underlier’s return; if final level of one underlier is greater than initial level and final level of other underlier is equal to initial level or less than initial level by up to 35% or if final level of each underlier is equal to initial level or is less than initial level by up to 35%, par; if final level of either underlier is less than initial level by more than 35%, 1% loss for every 1% that lesser-performing underlier declines from initial level
|
| Initial levels: | 3,004.52 for index and $56.23 for ETF
|
| Pricing date: | Oct. 23
|
| Settlement date: | Oct. 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.125%
|
| Cusip: | 48132FZL3
|
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