By Marisa Wong
Los Angeles, March 25 – JPMorgan Chase Financial Co. LLC priced $1.91 million of 0% capped buffered return enhanced notes due March 10, 2022 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF return is positive, the payout at maturity will be par plus 2 times the gain, capped at par plus 11.64%.
If the ETF declines by up to 10%, the payout will be par. Investors will lose 1.11111% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying ETF: | Financial Select Sector SPDR fund
|
| Amount: | $1,914,000
|
| Maturity: | March 10, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2 times any ETF gain, capped at par plus 11.64%; par if the ETF declines by up to 10%; otherwise, 1.11111% for each 1% ETF decline beyond 10%
|
| Initial price: | $32.91
|
| Final price: | Average of closing prices on five trading days ending March 7, 2022
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132RRQ5
|
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