New York, March 18 – JPMorgan Chase Financial Co. LLC priced $18.54 million of 0% capped buffered return enhanced notes due April 17, 2025 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 10.77%.
The payout will be par if the index declines by no more than 15%. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
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: | $18,535,000
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| Maturity: | April 17, 2025
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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 10.77%; par if index declines by no more than 15%; otherwise, 1% loss for every 1% that index declines beyond 15%
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| Initial level: | 5,175.27
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| Upside leverage: | 200%
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| Cap: | 10.77%
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| Buffer: | 15%
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| Pricing date: | March 12
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| Settlement date: | March 15
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
|
| Cusip: | 48134W2T3
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