By Marisa Wong
Morgantown, W.Va., May 2 – JPMorgan Chase Financial Co. LLC priced $1.27 million of 0% contingent buffered equity notes due April 26, 2022 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.
If the index finishes at or above the initial level, the payout at maturity will be par plus the greater of the index return and the contingent minimum return of 10.2%.
Investors will receive par if the index falls by up to 40% and will lose 1% for each 1% decline below the initial level if the index falls by more than the 40% contingent buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Contingent buffered equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,265,000
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| Maturity: | April 26, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the index finishes at or above the initial level, par plus the greater of the index return and 10.2%; par if the index falls by up to 40%; 1% loss for each 1% decline below the initial level if the index falls by more than the 40% contingent buffer
|
| Initial index level: | 2,348.69
|
| Final index level: | Average of index’s closing levels on five trading days ending April 21, 2022
|
| Pricing date: | April 21
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| Settlement date: | April 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 46646Q6W0
|
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