New York, Dec. 9 – JPMorgan Chase Financial Co. LLC priced $4.27 million of yield notes due Oct. 20, 2023 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.05%, paid monthly.
If the ETF gains or does not decline by more than 21%, the payout at maturity will be par plus the coupon. Investors will lose 1% for every decline in the ETF beyond its buffer.
The notes are non-callable.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Yield notes
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| Underlying ETF: | SPDR S&P 500 ETF Trust
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| Amount: | $4,272,000
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| Maturity: | Oct. 20, 2023
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| Coupon: | 7.05%, paid monthly
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| Price: | Par
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| Payout at maturity: | If ETF finishes at or above its 79% buffer level, par; otherwise loss of 1% for every 1% of decline of ETF beyond its buffer
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| Initial level: | $366.82
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| Buffer: | 21%
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| Call: | Non-callable
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| Pricing date: | Oct. 17
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| Settlement date: | Oct. 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.65%
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| Cusip: | 48133ND39
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