New York, Aug. 11 – JPMorgan Chase Financial Co. LLC priced $1.2 million of 0% capped return enhanced notes due Aug. 13, 2025 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 150% of the return of the index capped at par plus 40.215%. Investors will lose 1% for every 1% that the index declines.
The notes are guaranteed by JPMorgan Chase & Co.
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 return enhanced notes
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| Underlying index: | S&P MidCap 400 index
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| Amount: | $1.2 million
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| Maturity: | Aug. 13, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains par plus 150% of index return capped at par plus 40.215%; 1% loss for every 1% that index declines
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| Initial level: | 2,679.35
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| Upside leverage: | 150%
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| Cap: | 40.215%
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| Pricing date: | Aug. 9
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| Settlement date: | Aug. 14
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48133YK60
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