By William Gullotti
Buffalo, N.Y., Aug. 18 – JPMorgan Chase Financial Co. LLC priced $850,000 of 0% capped buffered equity notes due June 22, 2026 linked to the lesser performing of the S&P 500 index and the iShares MSCI ACWI ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of each underlier is greater than its initial level, the payout at maturity will be par plus the lesser-performing underlier’s return, capped at par plus 116%.
If the final level of either underlier is less than its initial level by up to 15%, par.
If the final level of either underlier is less than its initial level by more than 15%, investors will lose 1% for every 1% that the worst performer declines beyond 15%.
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 equity notes
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| Underlying assets: | S&P 500 index, iShares MSCI ACWI ETF
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| Amount: | $850,000
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| Maturity: | June 22, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of each underlier is greater than its underlier level, par plus lesser-performing underlier’s return, capped at par plus 116%; if lesser-performing underlier falls by up to 15%, par; if final level of either underlier is less than initial level by more than 15%, 1% loss for every 1% that lesser-performing underlier declines beyond the buffer
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| Initial levels: | $100.40 for ETF, for 4,221.86 for S&P
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| Buffer levels: | 85% of initial levels
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| Pricing date: | June 17
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| Settlement date: | June 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.125%
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| Cusip: | 48132UBY8
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