By Susanna Moon
Chicago, Dec. 4 – JPMorgan Chase Financial Co. LLC priced $343,000 of 0% buffered return enhanced notes due Nov. 20, 2023 linked to a basket of two components, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index with an 80% weight and the iShares MSCI Emerging Markets ETF with a 20% weight.
If the underlying basket finishes above its initial level, the payout at maturity will be par plus 2.09 times the gain.
If the basket falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond the buffer.
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: | Uncapped buffered return enhanced notes
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| Underlying basket: | Euro Stoxx 50 index (80% weight) and iShares MSCI Emerging Markets ETF (20% weight)
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| Amount: | $343,000
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| Maturity: | Nov. 20, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket gains, par plus 2.09 times return; if basket falls by up to 25%, par; otherwise, 1% loss for each 1% decline beyond 25%
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| Initial levels: | 3,190.31 for Stoxx and $40.82 for fund
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| Pricing date: | Nov. 15
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| Settlement date: | Nov. 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.25%
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| Cusip: | 48130UX83
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