By William Gullotti
Buffalo, N.Y., Dec. 10 – JPMorgan Chase Financial Co. LLC priced $3.19 million of 0% capped buffered return enhanced notes due Jan. 13, 2023 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus double any index gain, up to a maximum return of par plus 11.7%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered return enhanced notes
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| Underlying index: | S&P 500 index
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| Amount: | $3,185,000
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| Maturity: | Jan. 13, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus two times any index gain, capped at 11.7%; par if index declines by 10% or less; exposure to losses beyond 10%
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| Initial value: | 4,591.67
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| Buffer level: | 90% of initial level
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| Strike date: | Dec. 6
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| Pricing date: | Dec. 7
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| Settlement date: | Dec. 9
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.1%
|
| Cusip: | 48132YU78
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