By William Gullotti
Buffalo, N.Y., July 22 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% Bearish Buffered Absolute Return Notes due Aug. 23, 2023 based on the Euro Stoxx 50 index, according to a 424B2 filed 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 will be par.
If the index declines by up to 36.5%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1.5748% for every 1% that the index declines below 36.5%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Bearish Buffered Absolute Return Notes
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| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $2 million
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| Maturity: | Aug. 23, 2023
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the index finishes at or above its initial level, par; if the final level is less than the initial level by up to 36.5%, par plus the absolute value of the index return; if the final index level declines by more than 36.5%, investors will lose 1.5748% for every 1% that index declines beyond 36.5%
|
| Initial level: | 3,587.44
|
| Buffer level: | 63.5% of initial level
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| Pricing date: | July 19
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| Settlement date: | July 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.09%
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| Cusip: | 48133LSZ6
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