New York, June 27 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% capped buffered return enhanced notes due Dec. 26, 2024 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 150% of the return of the index, capped at par plus 17.205%.
The payout will be par if the index declines by no more than 20%. Otherwise, investors will lose 1.25% for every 1% decline beyond 20%.
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 buffered return enhanced notes
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| Underlying index: | S&P 500 index
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| Amount: | $1.5 million
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| Maturity: | Dec. 26, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 150% of index return, capped at par plus 17.205%; par if index declines by no more than 20%; otherwise, lose 1.25% for every 1% decline beyond 20%
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| Initial level: | 4,388.71
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| Upside leverage: | 150%
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| Cap: | 17.205%
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| Buffer: | 20%
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| Downside leverage: | 125%
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| Strike date: | June 20
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| Pricing date: | June 21
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| Settlement date: | June 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.125%
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| Cusip: | 48133XXV3
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