By Wendy Van Sickle
Columbus, Ohio, April 21 – JPMorgan Chase Financial Co. LLC priced $9.54 million of 0% capped buffer gears due April 17, 2025 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 double any index gain, capped at par plus 21.5%.
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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffer gears
|
| Underlying index: | S&P 500 index
|
| Amount: | $9,535,850
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| Maturity: | April 17, 2025
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus two times any index gain, capped at par plus 21.5%; par if index falls by up to 15%; 1% loss per 1% decline beyond 15%
|
| Initial value: | 4,137.64
|
| Buffer level: | 3,516.99; 85% of initial level
|
| Pricing date: | April 14
|
| Settlement date: | April 19
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48130Y792
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