By William Gullotti
Buffalo, N.Y., June 6 – JPMorgan Chase Financial Co. LLC priced $3 million of 0% capped buffer gears due July 31, 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 of $10 plus triple any index gain, capped at par plus 11.1%.
If the index falls by up to 15%, the payout will be par. Investors will lose 1% for every 1% index decline beyond 15%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffer gears
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| Underlying index: | S&P 500 index
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| Amount: | $3 million
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| Maturity: | July 31, 2023
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus three times any index gain, capped at par plus 11.1%; par if index falls by up to 15%; 1% loss per 1% decline beyond 15%
|
| Initial value: | 4,057.84
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| Downside threshold: | 3,449.16; 85% of initial level
|
| Pricing date: | May 26
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| Settlement date: | May 31
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48133E710
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