By William Gullotti
Buffalo, N.Y., April 29 – JPMorgan Chase Financial Co. LLC priced $7.66 million of 0% capped airbag gears due Feb. 1, 2024 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 return is positive, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum gain of 25%.
Investors will receive par if the index falls by up to 10% and will lose 1.11111% for each 1% that the index declines beyond 10%.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped airbag gears
|
| Underlying index: | S&P 500
|
| Amount: | $7,660,500
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| Maturity: | Feb. 1, 2024
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.5 times the index return, subject to a maximum gain of 25%; par if the index falls by up to 10%; otherwise, 1.11111% loss for each 1% that the index declines beyond 10%
|
| Initial level: | 4,431.85
|
| Downside threshold: | 3,988.67; 90% of initial level
|
| Pricing date: | Jan. 28
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| Settlement date: | Feb. 1
|
| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
| Fees: | None
|
| Cusip: | 48133A247
|
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