Chicago, May 4 – JPMorgan Chase Financial Co. LLC priced $3.82 million of 0% capped buffer gears due April 30, 2025 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 return is positive, the payout at maturity will be par plus two times the index return, subject to a maximum payout of par plus 25.2%.
If the index finishes at or below the initial level but at or above the downside threshold, 85% of the initial level, the payout will be par.
Otherwise, investors will be exposed to losses beyond 15%.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffer gears
|
| Underlying index: | Russell 2000
|
| Amount: | $3,819,420
|
| Maturity: | April 30, 2025
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| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus two times any index gain, subject to a maximum payout of par plus 25.2%; par if index finishes at or below the initial level but at or above downside threshold; otherwise, investors will be exposed to losses beyond 15%
|
| Initial value: | 1,745.952
|
| Downside threshold: | 1,484.059, 85% of initial level
|
| Pricing date: | April 25
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| Settlement date: | April 28
|
| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
| Fees: | 2%
|
| Cusip: | 48130Y859
|
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