By Marisa Wong
Los Angeles, Dec. 30 – JPMorgan Chase Financial Co. LLC priced $1.2 million of 0% capped accelerated barrier notes due Nov. 29, 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.
If the index finishes above its initial value, the payout at maturity will be par plus triple the gain, with the payout capped at par plus 22.4%.
If the index finishes flat or declines by up to 25%, the payout will be par. Otherwise, investors will be fully exposed to any index decline below the initial level.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped accelerated barrier notes
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| Underlying index: | S&P 500 index
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| Amount: | $1.2 million
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| Maturity: | Nov. 29, 2023
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 3 times any index gain, capped at par plus 22.4%; par if index finishes flat or declines by up to 25%; otherwise, 1% loss for every 1% index decline below the initial level
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| Initial value: | 3,635.41
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| Barrier value: | 2,726.5575, 75% of initial level
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| Pricing date: | Nov. 24
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| Settlement date: | Nov. 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.75%
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| Cusip: | 48132P4G6
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