By Wendy Van Sickle
Columbus, Ohio, Oct. 26 – JPMorgan Chase Financial Co. LLC priced $13.25 million of 0% return notes due Nov. 9, 2022 linked to the J.P. Morgan Kronos US Equity index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the index return.
Investors will receive less than par if the index declines.
The level of the index reflects the deduction of a fee of 0.35% per year that accrues daily and, in some circumstances, a notional financing cost.
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: | Return notes
|
| Underlying index: | J.P. Morgan Kronos US Equity
|
| Amount: | $13,246,000
|
| Maturity: | Nov. 9, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus return
|
| Initial level: | 538.32
|
| Pricing date: | Oct. 22
|
| Settlement date: | Oct. 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48132YDV4
|
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