By Wendy Van Sickle
Columbus, Ohio, Oct. 12 – JPMorgan Chase Financial Co. LLC priced $2.42 million of 0% buffered return enhanced notes due Oct. 23, 2024 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus 1.42 times the index return. Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that the index may decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Buffered return enhanced notes
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| Underlying index: | S&P 500 Futures Excess Return
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| Amount: | $2,419,000
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| Maturity: | Oct. 23, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.42 times any index gain; par if index declines by 15% or less; 1% loss for every 1% that index may decline beyond 15%
|
| Initial index level: | 385.36
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| Pricing date: | Oct. 6
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| Settlement date: | Oct. 12
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
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| Cusip: | 48134BGF4
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