By Wendy Van Sickle
Columbus, Ohio, Dec. 8 – JPMorgan Chase Financial Co. LLC priced $40,000 of 0% capped buffered return enhanced notes due May 31, 2022 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 its initial level, the payout at maturity will be par plus 1.5 times the gain of the lesser performing index, up to par plus 13%.
Investors will receive par if the lesser performing index falls by up to 10%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index beyond the 10% 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: | Capped buffered return enhanced notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $40,000
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| Maturity: | May 31, 2022
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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 initial level, par 1.5 times any gain of worse performing index, up to par plus 13%; par if worse performing index falls by up to 10%; otherwise, 1% loss for each 1% decline of worse performing index beyond 10% buffer
|
| Initial levels: | 1,853.532 for Russell 2000 and 3,635.41 for S&P 500
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| Buffer levels: | 90% of initial levels
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| Pricing date: | Nov. 24
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| Settlement date: | Nov. 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.0625%
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| Cusip: | 48132PVG6
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