New York, March 22 – JPMorgan Chase Financial Co. LLC priced $1.45 million of 0% capped notes due March 20, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus the return, capped at par plus 17.75%.
Otherwise, the payout will be par.
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: | Capped notes
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Underlying index: | S&P 500 index
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Amount: | $1.45 million
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Maturity: | March 20, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus index return, capped at par plus 17.75%; otherwise, par
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Initial level: | 3,891.93
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Cap: | 17.75%
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Pricing date: | March 15
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Settlement date: | March 20
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.45%
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Cusip: | 48133VAE0
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