By Marisa Wong
Morgantown, W.Va., Feb. 6 – JPMorgan Chase Financial Co. LLC priced $875,000 of 0% uncapped contingent buffered equity notes due Feb. 1, 2022 linked to 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 index finishes at or above its initial level, the payout at maturity will be par plus the greater of the index return and the contingent minimum return of 33.5%.
Investors will receive par if the index falls by up to 30% and will lose 1% for each 1% decline below the initial level if the index falls by more than the 30% contingent buffer.
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 equity notes
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| Underlying index: | Russell 2000
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| Amount: | $875,000
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| Maturity: | Feb. 1, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus greater of index return and 33.5% if index finishes at or above its initial level; par if the index falls by up to 30%; otherwise, full exposure to index decline
|
| Initial level: | 1,370.704
|
| Pricing date: | Jan. 27
|
| Settlement date: | Feb. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 46646QWV3
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