By Kiku Steinfeld
Chicago, May 25 – JPMorgan Chase Financial Co. LLC priced $51,000 of 0% capped buffered return enhanced notes due April 28, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial value, the payout at maturity will be par plus 2 times the gain, with the payout capped at par plus 18.75%.
If the index finishes flat or declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered return enhanced notes
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| Underlying index: | Russell 2000 index
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| Amount: | $51,000
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| Maturity: | April 28, 2023
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 2 times any index gain, capped at par plus 18.75%; par if index finishes flat or declines by up to 10%; exposure to losses beyond 10%
|
| Initial value: | 2,266.449
|
| Pricing date: | April 30
|
| Settlement date: | May 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48132TA30
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