By Tali Rackner
Norfolk, Va., March 14 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% contingent buffered equity notes due March 15, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the index return and the contingent minimum return of 65.3%.
Investors will receive par if the index falls by up to 40% and will lose 1% for each 1% decline if the index falls by more than the 40% contingent buffer.
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: | Contingent buffered equity notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $1 million
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| Maturity: | March 15, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes above initial level, par plus the greater of the index return and 65.3%; par if the index falls by up to 40%; otherwise, 1% loss for each 1% decline
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| Initial level: | 3,416.27
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| Pricing date: | March 10
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| Settlement date: | March 15
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 46646QU60
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