By William Gullotti
Buffalo, N.Y., Sept. 14 – JPMorgan Chase Financial Co. LLC priced $2.07 million of 0% capped notes due Sept. 22, 2025 linked to the performance of a WTI Crude Oil Futures Contract, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity finishes at or above its initial level, the payout at maturity will be par plus the commodity’s return, subject to a maximum return of par plus 80%.
If the commodity declines, investors will receive par.
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 notes
|
| Underlying commodity: | WTI Crude Oil Futures Contract
|
| Amount: | $2,069,000
|
| Maturity: | Sept. 22, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the commodity finishes at or above its initial level, par plus the return capped at 80%; otherwise, par
|
| Initial level: | $83.63
|
| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 6
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.75%
|
| Cusip: | 48133WN61
|
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