By William Gullotti
Buffalo, N.Y., Jan. 7 – JPMorgan Chase Financial Co. LLC priced $3.12 million of 0% return notes due April 3, 2023 linked to the J.P. Morgan Kronos+ 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 be fully exposed to any index decline.
The level of the index reflects the deduction of a fee of 0.95% 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+
|
| Amount: | $3,118,000
|
| Maturity: | April 3, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus return with full exposure to decline
|
| Initial level: | 266.47
|
| Pricing date: | Dec. 29
|
| Settlement date: | Jan. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48132Y4R3
|
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