By Marisa Wong
Morgantown, W.Va., Nov. 7 – JPMorgan Chase Financial Co. LLC priced $4.13 million of 0% uncapped contingent buffered return enhanced notes due Oct. 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.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes above its initial level, the payout at maturity will be par plus 1.55 times the gain of the worse performing index.
If the lesser performing index finishes flat or falls by up to 50%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped contingent buffered return enhanced notes
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $4,131,000
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| Maturity: | Oct. 31, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes above its initial level, par plus 1.55 times gain of worse performing index; if lesser performing index falls by up to 50%, par; otherwise, 1% loss for each 1% decline of worse performing index
|
| Initial index levels: | 1,502.773 for Russell, 2,575.26 for S&P
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.64198%
|
| Cusip: | 46647MNN9
|
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