By William Gullotti
Buffalo, N.Y., April 25 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% capped buffered enhanced participation notes due May 1, 2024 linked to the S&P GSCI Index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.6 times the index return, subject to a maximum settlement amount of par plus 23.84%.
Investors will receive par if the index declines but finishes at or above its 90% buffer and will lose 1.1111% for each 1% decline of the index beyond 10%.
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 enhanced participation notes
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| Underlying index: | S&P GSCI Index Excess Return
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| Amount: | $2 million
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| Maturity: | May 1, 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 1.6 times the gain, capped at par plus 23.84%; if the index finishes flat or declines by up to 10%, par; otherwise, investors will lose 1.1111% for each 1% decline beyond 10%
|
| Initial level: | 300.2602
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| Buffer level: | 90% of initial level
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| Pricing date: | April 19
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| Settlement date: | April 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.23%
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| Cusip: | 48133U5N8
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