By Marisa Wong
Los Angeles, June 12 – JPMorgan Chase Financial Co. LLC priced $350,000 of 0% uncapped contingent buffered equity notes due June 2, 2023 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 index gain.
Investors will receive par if the index falls by up to 25%. Otherwise, investors will lose 1% for each 1% decline of the index below its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped contingent buffered equity notes
|
| Underlying index: | S&P 500
|
| Amount: | $350,000
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| Maturity: | June 2, 2023
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus any index gain; par if the index falls by up to 25%; otherwise, 1% loss for each 1% decline of the index below its initial level
|
| Initial level: | 3,036.13
|
| Strike date: | May 27
|
| Pricing date: | May 28
|
| Settlement date: | June 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48132MAZ4
|
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