By Marisa Wong
Morgantown, W.Va., Oct. 30 – JPMorgan Chase Financial Co. LLC priced $2,501,000 of 0% uncapped contingent buffered return enhanced notes due Oct. 31, 2022 linked to the lesser performing of the iShares MSCI EAFE exchange-traded fund and 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 each underlying finishes above its initial level, the payout at maturity will be par plus 2.1 times the gain of the worse performing component.
If either underlying falls but neither falls by more than the 50% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index or fund.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped contingent buffered return enhanced notes
|
| Underlying assets: | iShares MSCI EAFE ETF, Euro Stoxx 50 index
|
| Amount: | $2,501,000
|
| Maturity: | Oct. 31, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each underlying gains, par plus 2.1 times return of worse performing asset; if either underlying falls but neither falls by more than 50%, par; otherwise, 1% loss for each 1% decline of worse performing asset
|
| Initial index levels: | $69.02 for ETF and 3,637.20 for index
|
| Contingent buffer: | 50%
|
| Pricing date: | Oct. 26
|
| Settlement date: | Oct. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.125%
|
| Cusip: | 48129HCT2
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