Chicago, Sept. 15 – JPMorgan Chase Financial Co. LLC priced $6.75 million of 0% uncapped buffered equity notes due Aug. 31, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial level, the payout at maturity will be par plus the index return.
If the index finishes below its initial level but above its 72% buffer level, the payout will be par.
Otherwise, investors will be exposed to any losses of the index beyond the 28% buffer.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Uncapped buffered equity notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $6,748,000
|
| Maturity: | Aug. 31, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return if return is positive; par if index declines but finishes above buffer level; otherwise, exposure to losses beyond buffer
|
| Initial value: | 4,057.66
|
| Buffer value: | 72% of initial value
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.3%
|
| Cusip: | 48133LG63
|
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