By Wendy Van Sickle
Columbus, Ohio, Nov. 30 – JPMorgan Chase Financial Co. LLC priced $2.22 million of 0% uncapped contingent buffered return enhanced notes due Nov. 30, 2022 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If each asset finishes above its initial level, the payout at maturity will be par plus 2.15 times the worse performing asset gain.
If either asset falls by up to the 50% contingent buffer, the payout will be par. Investors will be fully exposed to losses of the worse performing asset if it falls by more than the 50% contingent buffer.
J.P. Morgan Securities LLC is the agent.
The notes are guaranteed by JPMorgan Chase & Co.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Unapped contingent buffered return enhanced notes
|
| Underlying assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
|
| Amount: | $2,223,000
|
| Maturity: | Nov. 30, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each component gains, par plus 2.15 times return of worse performing index or fund; par if lesser component falls by up to 50%; otherwise, 1% loss per 1% drop of worse performing component
|
| Initial levels: | 3,564.02 for index, $69.92 for fund
|
| Contingent buffer: | 50%
|
| Pricing date: | Nov. 27
|
| Settlement date: | Nov. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.86246%
|
| Cusip: | 48129HLN5
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