By Cady Vishniac
Detroit, Nov. 23 – JPMorgan Chase Financial Co. LLC priced $4.51 million of 0% trigger Performance Leveraged Upside Securities due Feb. 22, 2022 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the exchange-traded fund finishes above its initial price, the payout at maturity will be par of $10 plus 150% of the return.
If the ETF finishes flat or falls by up to 10%, the payout will be par. Otherwise, investors will lose 1% for every 1% of decline from the initial price.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying ETF: | Financial Select Sector SPDR fund
|
| Amount: | $4,509,700
|
| Maturity: | Feb. 22, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 150% of ETF return if ETF finishes above its initial level; if ETF finishes flat or falls by up to 10%, par; otherwise, 1% loss per 1% decline
|
| Initial price: | $27.63
|
| Trigger price: | $24.867, 90% of initial price
|
| Pricing date: | Nov. 16
|
| Settlement date: | Nov. 19
|
| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 2.25%
|
| Cusip: | 48132N489
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