Chicago, March 29 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped buffered equity notes due March 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, capped at par plus 17.55%.
If the index finishes flat or declines by up to 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% index decline beyond the 15% buffer.
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 buffered equity notes
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| Underlying index: | S&P 500 index
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| Amount: | $500,000
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| Maturity: | March 2, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at par plus 17.55%; par if index finishes flat or declines by up to 15%; otherwise, 1% loss for every 1% index decline beyond 15%
|
| Initial value: | 3,829.34
|
| Buffer level: | 85% of initial level
|
| Pricing date: | Feb. 25
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| Settlement date: | March 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48132R7E4
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