By William Gullotti
Buffalo, N.Y., April 11 – JPMorgan Chase Financial Co. LLC priced $2.33 million of 0% capped buffer gears due March 31, 2026 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.
The payout at maturity will be par of $10 plus double any index gain, capped at par plus 24.3%.
If the index falls by up to 10%, the payout will be par. Investors will lose 1% for every 1% index decline beyond 10%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffer gears
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,328,000
|
| Maturity: | March 31, 2026
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus two times any index gain, capped at par plus 24.3%; par if index falls by up to 10%; 1% loss per 1% decline beyond 10%
|
| Initial value: | 5,218.19
|
| Downside threshold: | 4,696.37; 90% of initial level
|
| Pricing date: | March 25
|
| Settlement date: | March 28
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48131F503
|
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