By Kiku Steinfeld
Chicago, July 6 – JPMorgan Chase Financial Co. LLC priced $931,000 of 0% uncapped buffered return enhanced notes due Dec. 30, 2022 linked to the least performing of the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index gains, the payout at maturity will be par plus 1.14 times the return of the least-performing index.
If either index finishes flat or falls by up to 10% of its initial level, the payout will be par.
If either index falls by more than 10%, investors will lose 1% for every 1% that the least-performing index declines beyond the 10% buffer.
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 buffered return enhanced notes
|
| Underlying indexes: | Dow Jones industrial average and Nasdaq-100
|
| Amount: | $931,000
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| Maturity: | Dec. 30, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index gains, par plus 1.14 times return of least-performing index; par if either index finishes flat or falls up to 10% of initial level; 1% loss for every 1% that least-performing index declines beyond 10%
|
| Initial levels: | 25,745.60 for Dow, 10,101.830 for Nasdaq
|
| Buffer levels: | 90% of initial levels
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.4%
|
| Cusip: | 48132MNM9
|
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