By William Gullotti
Buffalo, N.Y., May 25 – JPMorgan Chase Financial Co. LLC priced $1.78 million of 0% buffered equity notes due Jan. 24, 2025 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above initial level, the payout at maturity will be par plus the return.
Investors will receive par if the index declines by no more than 22% and will lose 1% for each 1% decline from initial level if it declines beyond 22%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Buffered equity notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,781,000
|
| Maturity: | Jan. 24, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes flat or positive, par plus the return; if index declines by no more than 22%, par; otherwise, full exposure to loss
|
| Initial level: | 4,191.98
|
| Buffer level: | 78% of initial level
|
| Pricing date: | May 19
|
| Settlement date: | May 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.33%
|
| Cusip: | 48133WTC2
|
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