By Wendy Van Sickle
Columbus, Ohio, May 16 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% uncapped return enhanced notes due May 15, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus 1.55 times the index return. If the index return is negative, investors will have one-to-one exposure to the decline.
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 return enhanced notes
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| Underlying index: | S&P 500
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| Amount: | $1 million
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| Maturity: | May 15, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 1.55 times index return; if index return is negative, one-to-one exposure to decline
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| Initial index level: | 2,811.87
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| Pricing date: | May 13
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| Settlement date: | May 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48132CMS9
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