By Marisa Wong
Los Angeles, May 11 – JPMorgan Chase Financial Co. LLC priced $300,000 of 0% notes due April 3, 2024 linked to the J.P. Morgan Mojave index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.2 times the index return, subject to a floor of par.
The level of the index reflects the deduction of a fee of 0.5% per year that accrues daily and a notional financing cost, the issuer noted.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Notes
|
| Underlying index: | J.P. Morgan Mojave index
|
| Amount: | $300,000
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| Maturity: | April 3, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.2 times the index return, subject to floor of par
|
| Initial level: | 222.84
|
| Pricing date: | April 28
|
| Settlement date: | May 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.575%
|
| Cusip: | 48133FVU6
|
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