By William Gullotti
Buffalo, N.Y., Aug. 9 – JPMorgan Chase Financial Co. LLC priced $1.01 million of 0% notes due Aug. 14, 2024 linked to the relative performance of the S&P 500 Equal Weight index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The Equal Weight index is the long index, and the S&P 500 index is the short index.
If the long index return is greater than the short index return, the payout at maturity will be par plus 136.5% of the difference between the two returns.
Otherwise, the payout will be par.
JPMorgan Chase & Co. guarantees the notes.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Notes
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| Underlying indexes: | S&P 500 Equal Weight index and S&P 500 index
|
| Amount: | $4,135,000
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| Maturity: | Aug. 14, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If long index return is greater than short index return, par plus 136.5% of the difference between the two; otherwise, par
|
| Initial index levels: | 6,268.93 for S&P EW, 4,582.23 for S&P 500
|
| Pricing date: | July 28
|
| Settlement date: | Aug. 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133YQD9
|
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