By Sarah Lizee
Olympia, Wash., Dec. 6 – JPMorgan Chase Financial Co. LLC priced $3.46 million of 0% contingent buffered return enhanced notes due Nov. 28, 2023 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.
The payout at maturity will be par plus 1.238 times any gain in the ETF. Investors will receive par if the share price falls by up to 25% and will be fully exposed to the decline in the ETF price if it falls by more than 25%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Contingent buffered return enhanced notes
|
| Underlying ETF: | Financial Select Sector SPDR fund
|
| Amount: | $3,455,000
|
| Maturity: | Nov. 28, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.238 times any ETF gain; par if ETF falls by up to 25%; full exposure to decline in share price if ETF falls more than 25%
|
| Initial share price: | $29.92
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.75%
|
| Cusip: | 48132FT55
|
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