Chicago, Oct. 15 – JPMorgan Chase Financial Co. LLC priced $978,000 of 0% capped contingent buffered return enhanced notes due Oct. 2, 2024 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 4 times the gain of the worse performing index, subject to a 54.25% maximum return.
If either index falls by up to the 45% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
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: | Capped contingent buffered return enhanced notes
|
| Underlying indexes: | Russell 2000 and S&P 500
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| Amount: | $978,000
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| Maturity: | Oct. 2, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index gains, par plus 4 times return of worse performing index up to 54.25% maximum return; if either index falls by up to 45%, par; otherwise, 1% loss for each 1% decline of worse performing index
|
| Initial index levels: | 1,520.476 for Russell and 2,961.79 for S&P
|
| Contingent buffer: | 55% of initial level
|
| Pricing date: | Sept. 27
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| Settlement date: | Oct. 2
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.51598%
|
| Cusip: | 48132FLJ3
|
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