New York, July 12 – JPMorgan Chase Financial Co. LLC priced $1.19 million of 0% capped buffered return enhanced notes due July 11, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 200% of the return of the index capped at par plus 21.1%. The payout will be par if the index declines but by no more than the 20% buffer. Investors will lose 1% for every 1% that the index declines beyond the buffer.
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: | $1.19 million
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| Maturity: | July 11, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains par plus 200% of index return capped at par plus 21.1%; par if index declines but by no more than 20% buffer; 1% loss for every 1% that index declines beyond the buffer
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| Initial level: | 3,902.62
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| Upside leverage: | 200%
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| Cap: | 21.1%
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| Buffer: | 20%
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| Pricing date: | July 7
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| Settlement date: | July 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.75%
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| Cusip: | 48133GU43
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