Chicago, July 14 – JPMorgan Chase Financial Co. LLC priced $3.05 million of 0% capped buffered absolute return notes due Jan. 14, 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 plus any gain in the index, capped at par plus 17%.
If the index declines by up to 15%, the payout will be par plus the absolute value of the return.
Otherwise, investors will lose 1.1765% for every 1% decline beyond the 15% buffer.
J.P. Morgan Securities LLC is the underwriter.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered absolute return notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,050,000
|
| Maturity: | Jan. 14, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at par plus 17%; if index falls by up to 15%, par plus absolute value of its return; 1.1765% loss for each 1% decline beyond 15%
|
| Initial level: | 4,409.53
|
| Buffer level: | 85%
|
| Pricing date: | July 10
|
| Settlement date: | July 17
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Fees: | 1.51%
|
| Cusip: | 48133YBQ6
|
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