New York, Jan. 16 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% capped buffered return enhanced notes due Jan. 16, 2025 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains, the payout at maturity will be par plus 125% of the return of the ETF, capped at par plus 17.6%.
The payout will be par if the ETF declines by no more than 15%. Otherwise, investors will lose 1% for every 1% that the ETF declines beyond 15%.
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: | Capped buffered return enhanced notes
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| Underlying ETF: | Energy Select Sector SPDR Fund
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| Amount: | $2 million
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| Maturity: | Jan. 16, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF gains, par plus 125% of ETF return, capped at par plus 17.6%; par if ETF declines by no more than 15%; otherwise, 1% loss for every 1% that ETF declines beyond 15%
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| Initial level: | $84.68
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| Upside leverage: | 125%
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| Cap: | 17.6%
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| Buffer: | 15%
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| Pricing date: | Jan. 5
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| Settlement date: | Jan. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48134TAP9
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