By Taylor Fox
New York, Feb. 22 – JPMorgan Chase Financial Co. LLC priced $4.59 million of capped buffered return enhanced notes due Feb. 15, 2024 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF return is positive, the payout at maturity will be par plus 1.5 times any gain, capped at par plus 108%.
If the ETF declines by up to 25%, the payout will be par. Otherwise, investors will lose 1% for each 1% decline of the fund from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying ETF: | Energy Select Sector SPDR fund
|
| Amount: | $4,585,000
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| Maturity: | Feb. 15, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the ETF return is positive, the payout at maturity will be par plus 1.5 times any gain, capped at par plus 108%; if the ETF declines by up to 25%, the payout will be par; otherwise, investors will lose 1% for each 1% decline from the ETF’s initial level
|
| Initial level: | $44.67
|
| Buffer level: | 75% of initial level
|
| Pricing date: | Feb. 12
|
| Settlement date: | Feb. 18
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48132R4D9
|
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