By Wendy Van Sickle
Columbus, Ohio, March 3 – JPMorgan Chase Financial Co. LLC priced $1.65 million of 2.75% yield notes due Feb. 28, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
Interest will payable quarterly.
The payout at maturity will be par unless the index finishes below its buffer level, 85% of its initial level, in which case investors will lose 1% for every 1% index decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Yield notes
|
| Underlying index: | Russell 2000
|
| Amount: | $1,647,000
|
| Maturity: | Feb. 28, 2024
|
| Coupon: | 2.75%, payable quarterly
|
| Price: | Par
|
| Payout at maturity: | Par unless index finishes below its buffer level, in which case exposure to losses beyond 15%
|
| Initial level: | 2,231.314
|
| Buffer level: | 85% of initial level
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.75%
|
| Cusip: | 48132RRH5
|
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