New York, Oct. 20 – JPMorgan Chase Financial Co. LLC priced $4.97 million of 0% Buffered PLUS due April 16, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of par plus 34.5%.
Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley will act as distributor.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Buffered PLUS
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| Underlying index: | Russell 2000 index
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| Amount: | $4.97 million
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| Maturity: | April 16, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 200% of index return, subject to a maximum return of par plus 34.5%; par if index declines by 10% or less; otherwise, 1% loss for every 1% that index declines beyond 10%
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| Initial level: | 1,719.711
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| Buffer: | 10%
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| Upside leverage: | 200%
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| Cap: | 34.5%
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| Pricing date: | Oct. 13
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| Settlement date: | Oct. 18
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| Agent: | J.P. Morgan Securities LLC
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| Distributor: | Morgan Stanley
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| Fees: | 3% including a structuring fee of 0.5%
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| Cusip: | 48134BVH3
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