By William Gullotti
Buffalo, N.Y., March 21 – JPMorgan Chase Financial Co. LLC priced $2.45 million of 0% uncapped buffered return enhanced notes due Sept. 19, 2024 linked to the lesser performing of the iShares MSCI Emerging Markets ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlier gains, the payout at maturity will be par plus 1.7 times the return of the lesser-performing underlier.
If either underlier finishes flat or falls by up to 15%, the payout will be par.
If either underlier falls by more than 15%, investors will lose 1% for every 1% that the lesser-performing underlier declines beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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 buffered return enhanced notes
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| Underlying assets: | iShares MSCI Emerging Markets ETF, Euro Stoxx 50 index
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| Amount: | $2.45 million
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| Maturity: | Sept. 19, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each underlier gains, par plus 1.7 times return of lesser-performing underlier; par if either underlier finishes flat or falls up to buffer; 1% loss for every 1% that lesser-performing underlier declines beyond buffer
|
| Initial levels: | 3,889.69 for Stoxx, $44.95 for ETF
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| Buffer levels: | 85% of initial levels
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| Pricing date: | March 16
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| Settlement date: | March 21
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.45%
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| Cusip: | 48133DXV7
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