By William Gullotti
Buffalo, N.Y., Feb. 23 – JPMorgan Chase Financial Co. LLC priced $5.09 million of 0% capped buffered enhanced participation equity notes due Aug. 21, 2023 linked to the WTI Crude Oil Futures Contracts, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity return is positive, the payout at maturity will be par plus 2.67 times the return, up to a maximum return of 63.75%.
Investors will receive par if the commodity declines by 15% or less and will lose 1.1765% for every 1% decline beyond 15%.
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 buffered enhanced participation equity notes
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| Underlying commodity: | WTI Crude Oil Futures Contracts
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| Amount: | $5.09 million
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| Maturity: | Aug. 21, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.67 times any gain, capped at 63.75%; par if commodity declines by 15% or less; 1.1765% loss for every 1% decline beyond 15%
|
| Initial share price: | $91.76
|
| Buffer level: | 85% of initial share price
|
| Pricing date: | Feb. 17
|
| Settlement date: | Feb. 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.51%
|
| Cusip: | 48130UB79
|
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