By William Gullotti
Buffalo, N.Y., April 24 – JPMorgan Chase Financial Co. LLC priced $3.54 million of 0% capped bearish accelerated barrier notes due Jan. 5, 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 finishes below its initial level, investors will gain 2% for every 1% decline, subject to a maximum return of par plus 22.5%.
If the index gains up to 15%, the payout will be par. Otherwise, investors will lose 1% for every 1% gain from initial level.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped bearish accelerated barrier notes
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| Underlying index: | S&P 500 index
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| Amount: | $3.54 million
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| Maturity: | Jan. 5, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2% for every 1% index decline, capped at par plus 22.5%; if index gains up to 15%, par; otherwise, 1% loss for every 1% gain, subject to floor of zero
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| Initial value: | 4,109.31
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| Barrier value: | 4,725.7065; 115% of initial value
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| Pricing date: | March 31
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| Settlement date: | April 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48133VLQ1
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