By Wendy Van Sickle
Columbus, Ohio, Jan. 2 – JPMorgan Chase Financial Co. LLC priced $2.44 million of 0% trigger step securities due Dec. 30, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the underlying index finishes at or above its initial level, the payout at maturity will be par of $10 plus the greater of the gain and the 41% step return.
If the index falls by up to its 75% downside threshold, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by JPMorgan Chase & Co.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger step securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,444,160
|
| Maturity: | Dec. 30, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus return with floor of 41%; if index falls by up to 25%, par; otherwise, 1% loss per 1% decline
|
| Initial level: | 2,467.7
|
| Downside threshold: | 1,850.78, 75% of initial level
|
| Pricing date: | Dec. 26
|
| Settlement date: | Dec. 31
|
| Agents: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
|
| Fees: | 0%
|
| Cusip: | 48130V129
|
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