By Angela McDaniels
Tacoma, Wash., April 25 – JPMorgan Chase Financial Co. LLC priced $1.42 million of 0% uncapped buffered equity notes due Oct. 28, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the greater of the index return and 33.15%. If the final index level is less than the initial index level by up to 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped buffered equity notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1,423,000
|
| Maturity: | Oct. 28, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is zero or positive, par plus greater of index return and 33.15%; par if index declines by 15% or less; 1% loss for every 1% that index declines beyond 15%
|
| Initial level: | 3,503.85
|
| Pricing date: | April 23
|
| Settlement date: | April 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 48132CDQ3
|
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