By William Gullotti
Buffalo, N.Y., Nov. 20 – JPMorgan Chase Financial Co. LLC priced $1.04 million of 0% callable notes due Nov. 3, 2028 linked to the performance of the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes may be redeemed at the issuer’s option at par plus a 13.25% annualized call premium on any quarterly call date after six months.
If the notes are not called and the index finishes above its initial level, the payout at maturity will be par plus the return.
Otherwise, investors receive par.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Callable notes
|
| Underlying index: | S&P 500 index
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| Amount: | $1,035,000
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| Maturity: | Nov. 3, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes positive, par plus index gain; otherwise, par
|
| Call option: | At par plus a 13.25% annualized call premium on any quarterly call date after six months
|
| Initial level: | 4,193.8
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.53816%
|
| Cusip: | 48134BEF6
|
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