By William Gullotti
Buffalo, N.Y., Dec. 20 – JPMorgan Chase Financial Co. LLC priced $8.44 million of 0% capped buffered return enhanced notes due Oct. 17, 2024 linked to a weighted index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 50% weight, the MSCI EAFE index with a 30% weight and the MSCI Emerging Markets index with a 20% weight.
If the basket finishes above its initial level, the payout at maturity will be par plus 150% of the basket return, subject to a maximum upside return of par plus 30%.
If the final level of the basket falls by up to 15%, the payout will be par.
If the final level of the basket is less than its initial level by more than 15%, investors will lose 1% for every 1% that the basket declines beyond 15%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying indexes: | S&P 500 index (50% weight), MSCI EAFE index (30% weight), MSCI Emerging Markets index (20% weight)
|
| Amount: | $8,443,000
|
| Maturity: | Oct. 17, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket finishes above initial level, par plus 150% of basket return, subject to maximum upside return of par plus 30%; if the basket falls by up to 15%, par; otherwise, 1% loss for every 1% that the basket declines beyond 15%
|
| Initial levels: | 3,995.32 for S&P, 2,013.56 for EAFE, 973.71 for Emerging Markets
|
| Buffer levels: | 85% of initial levels
|
| Pricing date: | Dec. 14
|
| Settlement date: | Dec. 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 48133PZX4
|
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