By William Gullotti
Buffalo, N.Y., Aug. 17 – JPMorgan Chase Financial Co. LLC priced $3.2 million of 0% capped buffered enhanced participation notes due Sept. 12, 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 1.5 times the index return, subject to a maximum settlement amount of par plus 29.7%.
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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered enhanced participation notes
|
| Underlying index: | S&P GSCI Index Excess Return
|
| Amount: | $3,195,000
|
| Maturity: | Sept. 12, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 1.5 times the gain, capped at par plus 29.7%; 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: | 311.5243
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Aug. 10
|
| Settlement date: | Aug. 17
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.08%
|
| Cusip: | 48133WK64
|
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