By Wendy Van Sickle
Columbus, Ohio, April 8 – JPMorgan Chase Financial Co. LLC priced $2.71 million of 0% uncapped accelerated barrier notes due March 30, 2023 linked to the lesser performing of the SPDR S&P 500 ETF trust and the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each ETF finishes at or above its initial level, the payout at maturity will be par plus 1.17 times the return of the worst performing ETF.
If any ETF falls but each ETF finishes at or above the 70% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing ETF.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped accelerated barrier notes
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| Underlying ETFs: | SPDR S&P 500 ETF Trust and iShares Russell 2000 ETF
|
| Amount: | $2,707,000
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| Maturity: | March 30, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each ETF finishes at or above its initial level, par plus 1.17 times the return of the worst performing ETF; if any ETF falls but all ETFs finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing ETF
|
| Initial ETF levels: | $395.98 for SPDR S&P 500, $220.61 for iShares Russell 2000
|
| Barrier levels: | $277.186 for SPDR S&P 500, $154.427 for iShares Russell 2000, 70% of initial levels
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| Pricing date: | March 26
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| Settlement date: | March 31
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48132TLJ3
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