By Wendy Van Sickle
Columbus, Ohio, April 20 – JPMorgan Chase Financial Co. LLC priced $3.35 million of 0% buffered participation securities due April 26, 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 $10.90 per $10 security.
Investors will receive par if the index declines by up to 10% and will lose 1% for every 1% index decline beyond the 10% buffer.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Buffered participation securities
|
| Underlying index: | S&P 500
|
| Amount: | $3,351,600
|
| Maturity: | April 26, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at $10.90 per $10 security; par if index falls by up to buffer; 1% loss for every 1% index decline beyond 10% buffer
|
| Initial index level: | 4,392.59
|
| Buffer level: | 90% of initial level
|
| Pricing date: | April 14
|
| Settlement date: | April 20
|
| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management as dealer
|
| Fees: | 1.93%
|
| Cusip: | 48133B468
|
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