By Marisa Wong
Morgantown, W.Va., Nov. 6 – JPMorgan Chase Financial Co. LLC priced $3.63 million of 0% buffered Performance Leveraged Upside Securities due Jan. 6, 2022 linked to the S&P GSCI Copper Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par of $10 plus 200% of any index gain, up to a maximum return of 48%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | S&P GSCI Copper Index Excess Return
|
| Amount: | $3,628,000
|
| Maturity: | Jan. 6, 2022
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any index gain, up to a maximum return of 48%; par if the index falls by up to 10%; 1% loss for each 1% decline beyond 10%
|
| Initial index level: | 601.2931
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 46647MPF4
|
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