Chicago, Dec. 5 – JPMorgan Chase Financial Co. LLC priced $1.45 million of 0% contingent buffered equity notes due Oct. 4, 2023 linked to the Euro Stoxx 50 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 return of the index.
The payout will be par if the index declines but by no more than the 44.5% contingent buffer. Investors will lose 1% for every 1% that the index declines if it loses more than the contingent buffer.
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.
|
| Issue: | Contingent buffered equity notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $1,445,000
|
| Maturity: | Oct. 4, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus index return; par if index declines but by no more than the 44.5% contingent buffer; full exposure to the loss of the index if it ends below the contingent buffer
|
| Initial level: | 4,002.18
|
| Upside leverage: | 1
|
| Cap: | None
|
| Contingent buffer: | 44.5%
|
| Strike date: | March 29
|
| Pricing date: | March 30
|
| Settlement date: | April 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48133DY20
|
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