By Kiku Steinfeld
Chicago, Feb. 8 – JPMorgan Chase Financial Co. LLC priced $3 million of 0% bearish notes due Feb. 15, 2022 based on the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial level, the payout will be par.
If the index declines by up to 35%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Bearish notes
|
| Underlying index: | S&P 500
|
| Amount: | $3 million
|
| Maturity: | Feb. 15, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par; if the final level is less than the initial level by up to 35%, par plus the absolute value of the index return; if the final index level declines by more than 35%, investors will lose 1% for every 1% that index declines from initial level
|
| Initial level: | 3,750.77
|
| Contingent buffer level: | 65% of initial level
|
| Pricing date: | Jan. 28
|
| Settlement date: | Feb. 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132RSL5
|
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