By William Gullotti
Buffalo, N.Y., April 28 – JPMorgan Chase Financial Co. LLC priced $3 million of 0% trigger jump securities due May 24, 2024 linked an equally weighted basket of indexes, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket consists of the Nasdaq-100 index, the S&P 500 index and the Euro Stoxx 50 index.
If the basket finishes at or above its initial level, the payout at maturity will equal par plus the fixed payment percentage of 14.8%.
If the basket falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline from the initial level.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger jump securities
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| Underlying indexes: | Nasdaq-100 index, S&P 500 index, Euro Stoxx 50 index; equal weights
|
| Amount: | $3 million
|
| Maturity: | May 24, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket finishes at or above its initial level, par plus 14.8%; par if basket falls by up to 10%; otherwise, 1% loss for each 1% decline from the initial level
|
| Initial index levels: | 13,000.77 for Nasdaq, 4,133.52 for S&P, 4,408.59 for Stoxx
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| Trigger value: | 90% of initial level
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| Pricing date: | April 21
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| Settlement date: | April 26
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| Agent: | J.P. Morgan Securities LLC
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| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 48133VE22
|
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