By Kiku Steinfeld
Chicago, Nov. 11 – JPMorgan Chase Financial Co. LLC priced $808,000 of 0% capped buffered return enhanced notes due April 14, 2023 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 200% of the return of the ETF capped at par plus 12.35%. The payout will be par if the ETF declines but by no more than the 10% buffer. Investors will lose 1% for every 1% that the ETF declines beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying ETF: | SPDR S&P 500 ETF Trust
|
| Amount: | $808,000
|
| Maturity: | April 14, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF gains par plus 200% of ETF return capped at par plus 12.35%; par if ETF declines but by no more than 10% buffer; 1% loss for every 1% that ETF declines beyond the buffer
|
| Initial level: | $420.07
|
| Upside leverage: | 200%
|
| Cap: | 12.35%
|
| Buffer: | 10%
|
| Pricing date: | March 11
|
| Settlement date: | March 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 48133DTZ3
|
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