By Wendy Van Sickle
Columbus, Ohio, Aug. 9 – JPMorgan Chase Financial Co. LLC priced $7.2 million of 0% buffered Performance Leveraged Upside Securities due Aug. 3, 2022 linked to a basket of four indexes and an ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The basket consists of the MSCI Europe index with a 40% weight, the MSCI Japan index with a 25% weight, the WisdomTree India Earnings fund with a 15% weight, the MSCI China index with a 10% weight and the MSCI Emerging Markets index with a 10% weight.
The payout at maturity will be par plus 122.5% of any basket gain.
Investors will receive par if the basket falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
The agent is J.P. Morgan Securities LLC with Morgan Stanley Smith Barney LLC as a distributor.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Buffered Performance Leveraged Upside Securities
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| Basket components: | MSCI Europe index (40% weight), MSCI Japan index (25% weight), WisdomTree India Earnings fund (15% weight), MSCI China index (10% weight) and MSCI Emerging Markets index (10% weight)
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| Amount: | $7.2 million
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| Maturity: | Aug. 3, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket return is positive, par plus 122.5% of return, capped at $1,172 per $1,000 of notes; par if basket declines by 15% or less; exposure to losses beyond 15%
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| Pricing date: | July 31
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| Settlement date: | Aug. 3
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| Underwriter: | J.P. Morgan Securities LLC with Morgan Stanley Smith Barney LLC as a distributor
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| Fees: | 3.5%
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| Cusip: | 48129G281
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