By William Gullotti
Buffalo, N.Y., July 5 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% contingent buffered equity notes due June 27, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial level, the payout at maturity will be par plus the index return.
Investors will receive par if the index falls by up to 25.55% and will lose 1% for each 1% decline from the initial level if the index falls by more than the contingent buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Contingent buffered equity notes
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| Underlying index: | S&P 500 index
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| Amount: | $1.5 million
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| Maturity: | June 27, 2024
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If the index finishes flat or gains, par plus the return; par if the index falls by up to contingent buffer; otherwise, 1% loss for each 1% decline from initial level
|
| Initial level: | 3,911.74
|
| Contingent buffer level: | 74.45% of initial level
|
| Strike date: | June 24
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| Pricing date: | June 27
|
| Settlement date: | June 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48133GW74
|
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