By Sarah Lizee
Olympia, Wash., May 1 – JPMorgan Chase Financial Co. LLC priced $1.36 million of 0% uncapped contingent buffered equity notes due April 29, 2022 linked to the least performing of the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final value of each index is greater than or equal to its upper threshold value, 110% of its initial level, the payout at maturity will be par plus the greater of 19% and the least performing index return.
If the final value of any index is less than its upper threshold value but the final value of no index is less than its initial value by more than the contingent buffer amount, 60% of its initial level, the payout will be par plus 10%.
If the final value of any index is less than its initial value by more than the contingent buffer amount, the payout will be par plus the least performing index return with full exposure to the decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped contingent buffered equity notes
|
| Underlying assets: | Nasdaq-100 index, S&P 500 index, Russell 2000 index
|
| Amount: | $1,355,000
|
| Maturity: | April 29, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final value of each index is greater than or equal to 110% of its initial level, par plus the greater of 19% and the least performing index return; if the final value of any index is less than its upper threshold value but the final value of no index is less than its initial value by more than 60% of its initial level, par plus 10%; otherwise, full exposure to the decline of least performing index
|
| Initial levels: | 2,939.88 for S&P, 1,591.816 for Russell and 7,826.679 for Nasdaq
|
| Pricing date: | April 26
|
| Settlement date: | May 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132CDE0
|
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