By Wendy Van Sickle
Columbus, Ohio, Aug. 10 – JPMorgan Chase Financial Co. LLC priced $18.73 million of 0% capped buffered enhanced participation notes due Aug. 11, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than the initial level, the payout at maturity will be par plus 150% of the index return, subject to a maximum settlement amount of $1,249.15 per $1,000 principal amount of notes.
Investors will receive par if the index finishes flat or falls by up to 10% and will lose 1.1111% for each 1% index decline beyond 10%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered enhanced participation notes
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| Underlying index: | S&P 500
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| Amount: | $18,725,000
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| Maturity: | Aug. 11, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any index gain, up to maximum payout of $1,249.15 per $1,000 principal amount of notes; par if index finishes flat or falls by up to 10%; 1.1111% loss for each 1% index decline beyond 10%
|
| Initial index level: | 4,518.44
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| Buffer level: | 90% of initial level
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| Pricing date: | Aug. 7
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| Settlement date: | Aug. 14
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48133Y4V3
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