By William Gullotti
Buffalo, N.Y., Oct. 7 – JPMorgan Chase Financial Co. LLC priced $1.6 million of 0% capped buffered enhanced participation equity notes due Oct. 8, 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 greater than the initial level, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum settlement amount of par plus 34.92%.
If the index return is flat, or greater than or equal to the 90% buffer level, investors will receive par.
If the index falls by more than 10%, investors will lose 1.1111% for each 1% decline beyond the buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered enhanced participation equity notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,595,000
|
| Maturity: | Oct. 8, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 1.5 times the gain, capped at par plus 34.92%; if the index is flat, or greater than or equal to the 90% buffer level, par; if the index falls below the 10% buffer, investors will lose 1.1111% for each 1% decline beyond 10%
|
| Initial level: | 3,790.93
|
| Buffer level: | 90% of initial index level
|
| Pricing date: | Oct. 4
|
| Settlement date: | Oct. 12
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48133NBZ0
|
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