By Susanna Moon
Chicago, Feb. 26 – JPMorgan Chase Financial Co. LLC priced $1.9 million of 0% contingent buffered return enhanced notes due Feb. 9, 2023 linked to the least performing of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each component finishes above its initial level, the payout at maturity will be par plus triple the gain of the worse performing index or fund, up to a maximum payment of $4,000 per $1,000 principal amount.
If either component falls by up to 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.
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: | Contingent buffered return enhanced notes
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| Underlying assets: | Euro Stoxx 50 and iShares MSCI EAFE ETF
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| Amount: | $1.9 million
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| Maturity: | Feb. 9, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each component gains, par plus 3 times return of worse performing index or fund, capped at 400%; if either component falls by up to 50%, par; otherwise, 1% loss for each 1% decline of worse performing index or fund
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| Initial levels: | 3,394.92 for Stoxx, $70.88 for fund
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| Contingent buffer: | 50%
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| Pricing date: | Feb. 6
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| Settlement date: | Feb. 9
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.37599%
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| Cusip: | 48129H4F1
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