By Kiku Steinfeld
Chicago, June 14 – JPMorgan Chase Financial Co. LLC priced $1.21 million of 0% capped barrier notes due May 21, 2026 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 the gain, capped at 33.45%.
If the index finishes flat or declines by up to 40%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the index.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped barrier notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,208,000
|
| Maturity: | May 21, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 33.45%; par if index finishes flat or declines by up to barrier level; 1% loss for every 1% decline
|
| Initial value: | 4,127.83
|
| Barrier level: | 2,476.698 of 60% of initial level
|
| Pricing date: | May 18
|
| Settlement date: | May 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4.125%
|
| Cusip: | 48132TY83
|
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