Chicago, Oct. 15 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% uncapped contingent buffered return enhanced notes due Oct. 2, 2024 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each asset finishes at or above its initial level, the payout at maturity will be par plus 2.5 times the gain of the lesser performing asset.
Investors will receive par if the lesser performing asset falls by up to 50%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing asset.
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 contingent buffered return enhanced notes
|
| Underlying assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
|
| Amount: | $1,000,000
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| Maturity: | Oct. 2, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.5 times any gain of worse performing asset; par if worse performing asset falls by up to 50%; otherwise, 1% loss for each 1% decline of worse performing asset
|
| Initial levels: | $64.97 for ETF and 3,545.88 for index
|
| Buffer levels: | 50% of initial levels
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| Pricing date: | Sept. 27
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| Settlement date: | Oct. 2
|
| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
|
| Cusip: | 48132FC95
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