By Wendy Van Sickle
Columbus, Ohio, Feb. 5 – JPMorgan Chase Financial Co. LLC priced $1.8 million of 0% capped buffered return enhanced notes due Feb. 4, 2022 linked to the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the fund finishes above its initial value, the payout at maturity will be par plus 1.5 times the gain, with the payout capped at par plus 25%.
If the fund finishes flat or declines by up to 15%, the payout will be par. Investors will be exposed to any losses beyond the 15% buffer.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying fund: | ARK Innovation ETF
|
| Amount: | $1,796,000
|
| Maturity: | Feb. 4, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5times any fund gain, capped at par plus 25%; par if fund finishes flat or declines by up to 15%; exposure to losses beyond 15% buffer
|
| Initial value: | $137.44
|
| Buffer level: | 85% of initial level
|
| Pricing date: | Jan. 29
|
| Settlement date: | Feb. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.51496%
|
| Cusip: | 48132RFA3
|
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