Chicago, Feb. 29 – JPMorgan Chase Financial Co. LLC priced $4.14 million of 0% capped accelerated barrier notes due Feb. 26, 2029 linked to the S&P SmallCap 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 140% of the return of the index capped at par plus 88.5%. The payout will be par if the index declines but finishes above its 70% barrier. Investors will lose 1% for every 1% that the index declines if it closes below its barrier.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped accelerated barrier notes
|
| Underlying index: | S&P SmallCap 600 index
|
| Amount: | $4,135,000
|
| Maturity: | Feb. 26, 2029
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus 140% of index return capped at par plus 88.5%; par if index declines but finishes above its downside barrier; 1% loss for every 1% that index declines if it finishes below its downside barrier
|
| Initial level: | 1,287.81
|
| Barrier: | 901.467, 70% of initial level
|
| Upside leverage: | 140%
|
| Cap: | 88.5%
|
| Pricing date: | Feb. 21
|
| Settlement date: | Feb. 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.85%
|
| Cusip: | 48134WFS1
|
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