By Sarah Lizee
Olympia, Wash., May 31 – JPMorgan Chase Financial Co. LLC priced $3.15 million of 0% uncapped contingent buffered return enhanced notes due May 31, 2023 linked to the lesser 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 asset finishes above its initial level, the payout at maturity will be par plus 2.7 times any gain of the worse performing asset.
If either asset falls by up to 50%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing asset.
The notes are guaranteed by JPMorgan Chase & Co.
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
|
| Underliers: | iShares MSCI EAFE and Euro Stoxx 50
|
| Amount: | $3,149,000
|
| Maturity: | May 31, 2023
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If each index gains, par plus 2.7 times any gain of worse performing index; if either index falls by up to 50%, par; otherwise, 1% loss for each 1% decline of worse performing index
|
| Initial levels: | $68.79 for iShares MSCI EAFE and 3,428.14 for Euro Stoxx 50
|
| Pricing date: | May 29
|
| Settlement date: | May 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.69367%
|
| Cusip: | 48129MQC3
|
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