By William Gullotti
Buffalo, N.Y., Feb. 25 – JPMorgan Chase Financial Co. LLC priced $4.09 million of 0% trigger Performance Leveraged Upside Securities due May 23, 2023 linked to the Financial Select Sector SPDR Fund, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF finishes above its initial value, the payout at maturity will be par plus 150% of the gain, capped at par plus 21.15%.
If the ETF falls by up to 10%, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC 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: | $4,086,420
|
| Maturity: | May 23, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | If ETF finishes above its initial value, par plus 150% of the gain, capped at par plus 21.15%; if ETF falls by up to 10%, par; otherwise, 1% loss for every 1% that the final value is below the initial value
|
| Initial value: | $39.22
|
| Trigger level: | $35.298; 90% of initial value
|
| Pricing date: | Feb. 18
|
| Settlement date: | Feb. 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Distribution: | Morgan Stanley Smith Barney LLC
|
| Fees: | 2.25%
|
| Cusip: | 48133B500
|
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