By Wendy Van Sickle
Columbus, Ohio, Oct. 20 – JPMorgan Chase Financial Co. LLC priced $2.42 million of 0% capped buffered equity notes due Oct. 13, 2022 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 70% weight, the Russell 2000 index with a 15% weight and the iShares MSCI EAFE ETF with a 15% weight.
The notes are guaranteed by JPMorgan Chase & Co.
If the basket finishes at or above its initial value, the payout at maturity will be par plus the basket gain up to 17%. Investors will receive par if the basket falls by up to 15% and will be exposed to any losses beyond 15%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered equity notes
|
| Underlying indexes: | S&P 500 index with a 70% weight, Russell 2000 index with a 15% weight and iShares MSCI EAFE ETF with a 15% weight
|
| Amount: | $2,415,000
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| Maturity: | Oct. 13, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain up to 17%; par if basket falls by up to 15%; otherwise, investors will be exposed to any losses beyond 15%
|
| Initial values: | 3,446.83 for S&P, 1,628.547 for Russell and $65.17 for ETF
|
| Buffer level: | 85% of initial level of basket
|
| Pricing date: | Oct. 8
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| Settlement date: | Oct. 14
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48132PGH1
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