By Wendy Van Sickle
Columbus, Ohio, March 9 – JPMorgan Chase Financial Co. LLC priced $2.5 million of 0% buffered return enhanced notes due July 5, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 1.227 times the index return. Investors will receive par if the index declines by 20% or less and will lose 1.25% for every 1% that the index declines beyond 20%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Buffered return enhanced notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $2.5 million
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| Maturity: | July 5, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.227 times any index gain; par if index declines by 20% or less; otherwise, 1.25% loss for every 1% index decline beyond 20%
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| Initial index level: | 4,215.75
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| Barrier level: | 80% of initial level
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| Pricing date: | March 2
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| Settlement date: | March 7
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.167%
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| Cusip: | 48133UVA7
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