By William Gullotti
Buffalo, N.Y., Jan. 11 – JPMorgan Chase Financial Co. LLC priced $3.18 million of 0% trigger jump securities due July 6, 2023 linked to the S&P MidCap 400 index, according to a 424B2 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 equal par of $10 plus the fixed payment percentage of 14.75%.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline from the initial level.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger jump securities
|
| Underlying index: | S&P MidCap 400 index
|
| Amount: | $3,181,400
|
| Maturity: | July 6, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus 14.75%; par if index falls by up to 10%; otherwise, 1% loss for each 1% decline from the initial level
|
| Initial index level: | 2,839.33
|
| Trigger value: | 2,555.397; 90% of initial level
|
| Pricing date: | Dec. 30
|
| Settlement date: | Jan. 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 48133A536
|
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