By Kiku Steinfeld
Chicago, June 8 – JPMorgan Chase Financial Co. LLC priced $415,000 of 0% uncapped dual directional buffered return enhanced notes due Dec. 2, 2022 tied to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 415B2 filing with the Securities and Exchange Commission.
If each index finishes at or above the initial level, the payout at maturity will be par plus 1.05 times the return of the lesser performing index.
If either index falls but by no more than the 10% buffer, the payout will be par plus the absolute value of the return of the lesser-performing index.
If either index falls by more than 10%, investors will lose 1% for each 1% decline of the worst performing index with full exposure to losses.
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 dual directional buffered return enhanced notes
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $415,000
|
| Maturity: | Dec. 2, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index gains, par plus 1.05 times the return of lesser performing index; if either index falls by up to 10%, par plus absolute value of return of lesser-performing index; otherwise, investors will lose 1% for each 1% decline of the lesser-performing index with full exposure to losses
|
| Initial levels: | 1,394.035 for Russell 2000 and 3,044.31 for S&P 500
|
| Buffer level: | 90% of initial levels
|
| Pricing date: | May 29
|
| Settlement date: | June 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.59217%
|
| Cusip: | 48132KN76
|
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