By Devika Patel
Knoxville, Tenn., April 9 – JPMorgan Chase Financial Co. LLC priced $289,000 of 0% capped contingent buffered return enhanced notes due April 3, 2025 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 the lesser-performing index finishes at or above its initial level, the payout at maturity will be par plus 4 times the gain, subject to a maximum payout of $1,660 per $1,000 of notes.
If the lesser-performing index falls but by up to the 40% contingent buffer, the payout will be par.
If the lesser-performing index falls by more 40%, investors will lose 1% for each 1% decline of the lesser-performing index from its initial level.
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 contingent buffered notes
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| Underlying indexes: | S&P 500 and Russell 2000
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| Amount: | $289,000
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| Maturity: | April 3, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the lesser-performing index gains, par plus 4 times the return, capped at $1,660 per $1,000 of notes; if the lesser-performing index falls by up to the 40% contingent buffer, par; if the lesser-performing index falls by more 40%, investors will lose 1% for each 1% decline of lesser-performing index from initial level
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| Initial level: | 2,584.59 for S&P and 1,153.103 for Russell
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| Pricing date: | March 31
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| Settlement date: | April 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48132HX31
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