New York, June 10 – JPMorgan Chase Financial Co. LLC priced $3.53 million of 0% capped buffered return enhanced notes due July 6, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 150% of the return, subject to a maximum payout of par plus 15.5%.
The payout will be par if the index declines by no more than 10%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 10%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered return enhanced notes
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| Underlying index: | S&P 500 index
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| Amount: | $3,532,000
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| Maturity: | July 6, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 150% of index return capped at par plus 15.5%; par if index declines by no more 10%; otherwise, 1% loss for every 1% that index declines beyond the buffer
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| Initial level: | 4,132.15
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| Upside leverage: | 150%
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| Cap: | 15.5%
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| Buffer: | 10%
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| Strike date: | May 31
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| Pricing date: | June 6
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| Settlement date: | June 9
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48133GSJ3
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