Chicago, Feb. 2 – JPMorgan Chase Financial Co. LLC priced $1.75 million of 0% capped buffered return enhanced notes due Oct. 15, 2025 linked to an equally-weighted index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index and the Russell 2000 index.
If the basket finishes above its initial level, the payout at maturity will be par plus 150% of the basket return, subject to a maximum upside return of par plus 17.15%.
If the final level of the basket falls by up to 20%, the payout will be par.
If the final level of the basket is less than its initial level by more than 20%, investors will lose 1% for every 1% that the basket declines beyond 20%.
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.
|
| Issue: | Capped buffered return enhanced notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index; equal weights
|
| Amount: | $1,746,000
|
| Maturity: | Oct. 15, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket finishes above initial level, par plus 150% of basket return, subject to maximum upside return of par plus 17.15%; if the basket falls by up to 20%, par; otherwise, 1% loss for every 1% that the basket declines beyond 20%
|
| Initial levels: | 4,756.50 for S&P, 1,968.035 for Russell
|
| Buffer level: | 80% of initial level
|
| Pricing date: | Jan. 9
|
| Settlement date: | Jan. 12
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.1%
|
| Cusip: | 48134TDB7
|
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