New York, Nov. 4 – JPMorgan Chase Financial Co. LLC priced $6.37 million of 0% capped notes due Oct. 31, 2024 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 of the index capped at par plus 22.25%. Investors will lose 1% for every 1% that the index declines subject to a minimum payout of 95% of par.
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 notes
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| Underlying index: | S&P 500 index
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| Amount: | $6,366,000
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| Maturity: | Oct. 31, 2024
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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 22.25%; 1% loss for every 1% that index declines subject to a minimum payout of 95% of par
|
| Initial level: | 3,901.06
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| Upside leverage: | 150%
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| Cap: | 22.25%
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| Principal protection: | 95%
|
| Pricing date: | Oct. 28
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| Settlement date: | Nov. 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48133NX78
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