By Sarah Lizee
Olympia, Wash., Aug. 5 – JPMorgan Chase Financial Co. LLC priced $17.07 million of 0% trigger Performance Leveraged Upside Securities due Aug. 5, 2025 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 of $10 plus 143.5% of the return.
If the index finishes flat or falls by up to its 65% trigger level, the payout will be par. Otherwise, investors will lose 1% for every 1% of decline from the initial level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $17,065,810
|
| Maturity: | Aug. 5, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 143.5% of index return if index finishes above its initial level; if index is flat or falls by up to 65%, par; otherwise, 1% loss per 1% decline
|
| Initial level: | 998.00
|
| Trigger level: | 2,980.38, 65% of initial level
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.5%
|
| Cusip: | 48132E430
|
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