By Sarah Lizee
Olympia, Wash., March 13 – JPMorgan Chase Financial Co. LLC priced $1.22 million of contingent buffered equity notes due March 12, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus any gain in the index.
Investors will receive par if the index falls by up to 46.19% and will lose 1% for each 1% decline from the initial level if the index falls by more than the contingent buffer.
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: | Contingent buffered equity notes
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| Underlying index: | S&P 500
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| Amount: | $1.22 million
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| Maturity: | March 12, 2025
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| Price: | Par
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| Payout at maturity: | Par plus any gain; par if the index falls by up to contingent buffer; otherwise, 1% loss for each 1% decline from initial level
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| Initial level: | 2,972.37
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| Contingent buffer: | 53.81% of initial level
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| Pricing date: | March 6
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| Settlement date: | March 11
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
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| Cusip: | 48132KEN1
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