New York, July 11 – JPMorgan Chase Financial Co. LLC priced $1.27 million of 0% capped buffered return enhanced notes due July 1, 2026 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains, the payout at maturity will be par plus 147% of the return of the ETF, subject to a maximum return of par plus 49%.
The payout will be par if the ETF declines by no more than 10%. Otherwise, investors will lose 1% for every 1% that the ETF declines beyond 10%.
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: | Capped buffered return enhanced notes
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| Underlying ETF: | SPDR S&P 500 ETF Trust
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| Amount: | $1,273,000
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| Maturity: | July 1, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF gains, par plus 147% of ETF return, capped at par plus 49%; par if ETF declines by no more than 10%; otherwise, 1% loss for every 1% that ETF declines beyond 10%
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| Initial level: | $380.65
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| Upside leverage: | 147%
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| Cap: | 49%
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| Buffer: | 10%
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| Pricing date: | June 28
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| Settlement date: | June 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.4%
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| Cusip: | 48133GWF6
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