By Susanna Moon
Chicago, Oct. 22 – JPMorgan Chase Financial Co. LLC priced $762,000 of 0% contingent buffered notes due Oct. 19, 2023 linked to the lesser performing of the iShares MSCI EAFE ETF and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each underlying asset finishes above its initial level, the payout at maturity will be par plus the greater of the gain of the worse performing asset and the contingent high minimum return of 40%.
If either asset falls by up to the 40% contingent buffer, the payout will be par the contingent low digital return of 30%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index or fund.
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: | Uncapped contingent buffered notes
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| Underlying assets: | iShares MSCI EAFE ETF and the Euro Stoxx 50 index
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| Amount: | $762,000
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| Maturity: | Oct. 19, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each asset gains, par plus greater of 40% and return of worse performing asset; if either asset falls by up to 40%, par plus 30%; otherwise, 1% loss for each 1% decline of worse performing index or fund
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| Initial levels: | 3,257.34 for Stoxx and $64.79 for fund
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| Contingent buffer: | 30%
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| Pricing date: | Oct. 16
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| Settlement date: | Oct. 19
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48130U7E9
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