By Sarah Lizee
Olympia, Wash., Nov. 15 – JPMorgan Chase Financial Co. LLC priced $3.25 million of 0% contingent buffered return enhanced notes due Nov. 14, 2024 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.
If the index closes at or above its initial level, the payout at maturity will be par plus 1.0475 times any index gain.
Investors will receive par if the index falls by up to 45% and will be fully exposed to any index decline if the index falls by more than the contingent buffer.
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: | Contingent buffered return enhanced notes
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| Underlying index: | S&P 500
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| Amount: | $3.25 million
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| Maturity: | Nov. 14, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 1.0475 times return; if index falls by up to 45%, par; otherwise, 1% loss for each 1% decline
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| Initial index level: | 3,093.08
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| Pricing date: | Nov. 8
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| Settlement date: | Nov. 14
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48132FJ72
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