By Susanna Moon
Chicago, Jan. 2 – JPMorgan Chase Financial Co. LLC priced $6.88 million of 0% contingent buffered return enhanced notes due June 23, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the underlying asset finishes above its initial level, the payout at maturity will be par 3.19 times the gain.
If the asset falls by up to its 30% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
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 asset: | Euro Stoxx 50 index
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| Amount: | $6,882,000
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| Maturity: | June 23, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If asset gains, par plus 3.19 times return; if asset falls by up to 30%, par; otherwise, 1% loss for each 1% decline
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| Initial level: | 3,040.13
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| Contingent buffer: | 30%
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| Pricing date: | Dec. 18
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| Settlement date: | Dec. 21
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48130WLK5
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