By Wendy Van Sickle
Columbus, Ohio, March 2 – JPMorgan Chase Financial Co. LLC priced $5.5 million of 0% uncapped contingent buffered return enhanced notes due Feb. 28, 2022 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 return of the lesser performing index is positive, the payout at maturity will be par plus 1.75 times the return of the lesser-performing index. If the return of the lesser-performing index is flat or falls by up to 50%, the payout will be par.
Otherwise, investors will be fully exposed to the loss of the lesser-performing index.
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 return enhanced notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $5,498,000
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Maturity: | Feb. 28, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If lesser-performing index return is positive, par plus 1.75 times gain of lesser-performing index; par if return of less-performing index is flat or falls by up to 50%; otherwise, full exposure to loss of lesser-performing index
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Initial levels: | 2,363.81 for S&P, 1,394.623 for Russell
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Pricing date: | Feb. 23
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Settlement date: | Feb. 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.62709%
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Cusip: | 46646QZQ1
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