By Wendy Van Sickle
Columbus, Ohio, Oct. 28 – JPMorgan Chase & Co. priced $100,000 of 0% uncapped contingent buffered return enhanced notes due Oct. 30, 2020 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above 120% its initial level, the payout at maturity will be par plus 20% plus 110% of the appreciation of the worse-performing index beyond 20%. If the lesser performing index finishes above its initial level but below 120% of its initial level the payout will be par plus 20%.
If either index falls, but neither by more than the 35% contingent buffer, the payout will be par.
If either falls by more than 35%, investors will be fully exposed to any losses of the worse-performing index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase & Co.
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| Issue: | Uncapped contingent buffered return enhanced notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $100,000
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| Maturity: | Oct. 30, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above 120% its initial level, par plus 20% plus 110% of the appreciation of the worse-performing index beyond 20%; if lesser performing index finishes above initial level but below 120% of its initial level, par plus 20%; par if index either index falls by up to 35%; full exposure to loss of worse-performing index if either index falls more than 35%
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| Initial levels: | 2,139.43 for S&P and 1,204.749 for Russell
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| Pricing date: | Oct. 26
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| Settlement date: | Oct. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.25%
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| Cusip: | 46646EP63
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