Chicago, Aug. 2 – JPMorgan Chase Financial Co. LLC priced $5 million of 0% buffered notes due Aug. 8, 2024 linked to the Bloomberg Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus the index return capped at par plus 38.05%.
Investors will receive par if the index declines, but not more than 15%.
Otherwise, investors will receive par less 117.647% any decline in the index beyond its 15% buffer.
The notes are non-callable.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Buffered notes
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| Underlying index: | Bloomberg Commodity index
|
| Amount: | $5 million
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| Maturity: | Aug. 8, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus gain if index finishes positive, capped at par plus 38.05%; par if index declines but not beyond 15%; otherwise, 1.17647% loss for each 1% decline beyond 15% buffer
|
| Initial level: | 107.6652
|
| Buffer level: | 85% of initial level
|
| Buffer: | 15%
|
| Call: | Non-callable
|
| Strike date: | July 24
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| Pricing date: | July 25
|
| Settlement date: | July 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133WH50
|
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