New York, Feb. 13 – JPMorgan Chase Financial Co. LLC priced $1.35 million of 0% capped buffered equity notes due March 12, 2025 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 100% of the return of the index capped at par plus 15.75%. The payout will be par if the index declines but by no more than the 10% buffer. Investors will lose 1% for every 1% that the index declines beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered equity notes
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| Underlying index: | Russell 2000 index
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| Amount: | $1.35 million
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| Maturity: | March 12, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains par plus 100% of index return capped at par plus 15.75%; par if index declines but by no more than 10% buffer; 1% loss for every 1% that index declines beyond the buffer
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| Initial level: | 1,950.359
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| Upside leverage: | 100%
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| Cap: | 15.75%
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| Buffer: | 10%
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| Pricing date: | Feb. 7
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| Settlement date: | Feb. 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.75%
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| Cusip: | 48134WBM8
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