Chicago, March 19 – JPMorgan Chase Financial Co. LLC priced $2.38 million of 0% capped buffered enhanced participation equity notes due Aug. 15, 2025 linked to the MSCI EAFE 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 its initial level, the payout at maturity will be par plus 230% of the index return, subject to a maximum settlement amount of par plus 20.47%.
If the index declines but finishes at or above its 87.5% buffer level, investors will receive par.
If the index falls by more than 15%, investors will lose 1.1429% for each 1% decline beyond the buffer.
J.P. Morgan Securities LLC is the agent. iCapital Markets LLC is named as a distributor.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered enhanced participation equity notes
|
| Underlying index: | MSCI EAFE index
|
| Amount: | $2,377,000
|
| Maturity: | Aug. 15, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above initial level, par plus 230% of the gain, capped at par plus 20.47%; if the index declines by up to 17.5%, par; otherwise, lose 1.1429% for each 1% decline beyond 17.5%
|
| Initial level: | 2,303.90
|
| Buffer level: | 87.5% of initial index level
|
| Pricing date: | March 1
|
| Settlement date: | March 8
|
| Agent: | J.P. Morgan Securities LLC
|
| Dealer: | iCapital Markets LLC
|
| Fees: | 0%
|
| Cusip: | 48134WRX7
|
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