By William Gullotti
Buffalo, N.Y., Aug. 9 – JPMorgan Chase Financial Co. LLC priced $8.41 million of 0% notes due Aug. 1, 2025 linked to the S&P 500 Daily Risk Control 5% Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 270% of the index return.
Otherwise, investors will receive par.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Notes
|
| Underlying index: | S&P 500 Daily Risk Control 5% Excess Return index
|
| Amount: | $8,409,000
|
| Maturity: | Aug. 1, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus 270% of index return; otherwise, par
|
| Initial level: | 159.88
|
| Pricing date: | July 29
|
| Settlement date: | Aug. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48133LUQ3
|
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