By Wendy Van Sickle
Columbus, Ohio, Jan. 3 – JPMorgan Chase Financial Co. LLC priced $250,000 of 0% capped contingent buffered return enhanced notes due Dec. 31, 2024 linked to the lesser performing of the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each asset finishes above its initial level, the payout at maturity will be par plus 4 times the gain of the lesser performing asset, capped at a maximum return of 47%.
Investors will receive par if the lesser performing asset falls by up to 40%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing asset 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 return enhanced notes
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| Underlying assets: | Russell 2000 index and Dow Jones industrial average
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| Amount: | $250,000
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| Maturity: | Dec. 31, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 4 times any gain of worse performing asset; capped at maximum return of 47%; par if worse performing asset falls by up to 40%; otherwise, 1% loss for each 1% decline of worse performing asset
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| Initial levels: | 28,621.39 for Dow and 1,667.67 for Russell
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| Pricing date: | Dec. 26
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| Settlement date: | Dec. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.5%
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| Cusip: | 48132HHU9
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