By Kiku Steinfeld
Chicago, May 13 – JPMorgan Chase Financial Co. LLC priced $3.29 million of 0% capped accelerated barrier notes due April 28, 2025 linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF 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 96.5%.
If the ETF finishes flat or declines by up to 20%, the payout will be par. Otherwise, investors will be fully exposed to any ETF decline below the initial level.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped accelerated barrier notes
|
| Underlying ETF: | SPDR S&P Regional Banking ETF
|
| Amount: | $3,290,000
|
| Maturity: | April 28, 2025
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 1.5 times any ETF gain, capped at par plus 96.5%; par if ETF finishes flat or declines by up to 20%; otherwise, 1% loss for every 1% ETF decline below the initial level
|
| Initial value: | $67.85
|
| Barrier value: | $54.28, 80% of initial level
|
| Pricing date: | April 23
|
| Settlement date: | April 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48132TXE1
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