By Cady Vishniac
Detroit, Jan. 11 – JPMorgan Chase Financial Co. LLC priced $5.48 million of 0% Performance Leveraged Upside Securities due Feb. 2, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus three times any index gain, subject to a maximum payment of $11.24 per PLUS.
Investors will be fully exposed to any index decline.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
The notes are guaranteed by JPMorgan Chase & Co.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $5,477,700
|
| Maturity: | Feb. 2, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus three times any index gain, subject to $11.24 maximum payment per PLUS; 1% loss per 1% decline
|
| Initial level: | 3,735.36
|
| Pricing date: | Dec. 28
|
| Settlement date: | Dec 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 1.75%
|
| Cusip: | 48132Q847
|
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