By Wendy Van Sickle
Columbus, Ohio, March 19 – JPMorgan Chase Financial Co. LLC priced $4.37 million of 0% uncapped contingent buffered equity notes due March 14, 2025 linked to the least performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the lesser-performing index’s return, subject to a contingent minimum return of 30%.
If the lesser performing index falls by up to 30%, the payout will be par.
If either index falls by more than 30% investors will lose 1% for every 1% that the least performing index declines from its initial level.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped contingent buffered equity notes
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| Underlying indexes: | S&P 500 and Dow Jones industrial average
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| Amount: | $4,373,00
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| Maturity: | March 14, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final level of each index is greater than or equal to its initial level, par plus the lesser-performing index’s return, subject to a contingent minimum return of 30%; if lesser performing index falls by up to 30%, par; if either index falls by more than 30%, 1% loss for every 1% that the least-performing index declines from its initial level
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| Initial levels: | 23,553.22 for Dow and 2,741.38 for S&P
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| Pricing date: | March 11
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| Settlement date: | March 18
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48132KGL3
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