By William Gullotti
Buffalo, N.Y., Nov. 20 – JPMorgan Chase Financial Co. LLC priced $3.5 million of 0% jump securities due Nov. 1, 2024 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.
At maturity, if the index finishes at or above its initial level, the payout will be par plus 13.3%.
Otherwise, investors will be fully exposed to any decline.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Jump securities
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| Underlying index: | S&P 500 index
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| Amount: | $3.5 million
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| Maturity: | Nov. 1, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above its initial level, par plus 13.3%; otherwise, investors lose 1% for each 1% decline from initial level
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| Initial level: | 4,288.05
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| Pricing date: | Sept. 29
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| Settlement date: | Oct. 4
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| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management handling distribution
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| Fees: | 2.25%
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| Cusip: | 48134AH57
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