By Wendy Van Sickle
Columbus, Ohio, May 2 – JPMorgan Chase Financial Co. LLC priced $11.7 million of 0% capped gears June 28, 2024 linked to the S&P 500 index, 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 of $10 plus triple any index gain, capped at par plus 16.3%.
Investors will be fully exposed to any index decline.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped gears
|
| Underlying index: | S&P 500 index
|
| Amount: | $11,698,080
|
| Maturity: | June 28, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus three times any index gain, capped at par plus 16.3%; otherwise, full exposure to any index decline
|
| Initial level: | 4,071.63
|
| Pricing date: | April 25
|
| Settlement date: | April 28
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48130Y867
|
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