By William Gullotti
Buffalo, N.Y., Aug. 9 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% bearish enhanced absolute return market-linked notes due Oct. 30, 2024 based on the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial level, the payout will be par.
If the index declines by up to 40%, the payout will be par plus 1.67 times the absolute value of the index return.
Otherwise, investors will receive par.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Bearish enhanced absolute return market-linked notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1 million
|
| Maturity: | Oct. 30, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par; if the final level is less than the initial level by up to 40%, par plus 1.67 times the absolute value of the index return; if the final index level declines by more than 40%, par
|
| Initial level: | 4,537.41
|
| Barrier level: | 60% of initial level
|
| Principal protection: | 100%
|
| Pricing date: | July 27
|
| Settlement date: | Aug. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48133YA95
|
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