By Kiku Steinfeld
Chicago, Oct. 6 – JPMorgan Chase Financial Co. LLC priced $2.07 million of 0% capped buffered equity notes due July 13, 2023 linked to an unequally weighted basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 70% weight, the ARK Innovation ETF with a 15% weight and the iShares MSCI EAFE ETF with a 15% weight.
If the underlying basket finishes above its initial, the payout at maturity will be par plus the gain up to a maximum return of par plus 15%.
If the basket falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline beyond 15%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered equity notes
|
| Underlying basket: | S&P 500 index (70% weight), ARK Innovation ETF (15% weight), iShares MSCI EAFE ETF (15% weight)
|
| Amount: | $2,066,000
|
| Maturity: | July 13, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any basket gain capped at 15%; if basket falls by up to 15%, par; otherwise, 1% loss for each 1% decline beyond 15%
|
| Initial levels: | 4,369.55 for S&P, $125.62 for ARK, $79.56 for iShares
|
| Pricing date: | July 9
|
| Settlement date: | July 14
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 48132UZZ9
|
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