By Susanna Moon
Chicago, Aug. 7 – JPMorgan Chase Financial Co. LLC priced $37,000 of 0% uncapped contingent buffered equity notes due Aug. 5, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus the gain, with a contingent minimum return of 27%.
If the index falls but by no more than the 25% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
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: | Uncapped contingent buffered equity notes
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| Underlying index: | S&P 500
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| Amount: | $37,000
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| Maturity: | Aug. 5, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus return, floor of 27%; if index falls by up to 25%, par; otherwise, 1% loss for each 1% decline
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| Initial index level: | 2,470.30
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| Contingent buffer: | 25%
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| Pricing date: | July 31
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| Settlement date: | Aug. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 46647MUT8
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