Chicago, June 27 – JPMorgan Chase Financial Co. LLC priced $195,000 of 0% market-linked securities with upside participation to a cap with contingent absolute return and fixed percentage buffered downside due June 5, 2025 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 finishes at or above its initial level, the payout at maturity will be par plus the ETF return, capped at par plus 24.6%.
Investors will receive par plus the absolute return if the ETF declines by no more than 15% and will lose 1% for every 1% decline beyond 15%.
J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Market-linked securities – upside participation to a cap with contingent absolute return and fixed percentage buffered downside
|
| Underlying ETF: | Financial Select Sector SPDR fund
|
| Amount: | $195,000
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| Maturity: | June 5, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the ETF finishes flat or gains, par plus ETF return, capped at par plus 24.6%; if ETF declines but finishes at or above buffer level, par plus absolute return of fund; otherwise, 1% loss for each 1% decline beyond 15% buffer level
|
| Initial level: | $31.76
|
| Buffer level: | $26.996; 85% of initial level
|
| Pricing date: | May 31
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| Settlement date: | June 5
|
| Agents: | J.P. Morgan Securities LLC and Wells Fargo Securities, LLC
|
| Fees: | 2.575%
|
| Cusip: | 48133VY87
|
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