By Wendy Van Sickle
Columbus, Ohio, Sept. 6 – JPMorgan Chase Financial Co. LLC priced $30.02 million of 0% capped buffered enhanced participation equity notes due Aug. 28, 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 1.6 times the index gain, subject to a maximum settlement amount of $1,312.80 per $1,000 principal amount.
If the index finishes flat or falls by up to 17.5%, the payout will be par.
If the index falls by more than 17.5%, investors will lose 1.2121% for each 1% decline beyond the 17.5% buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered enhanced participation equity notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $30,024,000
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| Maturity: | Aug. 28, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.6 times any index gain, capped at par plus 31.28%; par if index finishes flat or falls by up to 17.5%; otherwise, 1.2121% loss for each 1% decline beyond the 17.5% buffer
|
| Initial level: | 3,955.0
|
| Pricing date: | Aug. 31
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| Settlement date: | Sept. 8
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0%
|
| Cusip: | 48133MWC0
|
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