By William Gullotti
Buffalo, N.Y., March 1 – JPMorgan Chase Financial Co. LLC priced $3.1 million of 0% capped buffered return enhanced notes due March 3, 2023 linked to the SPDR S&P Regional Banking ETF, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus double any ETF gain, up to a maximum return of 18.4%.
Investors will receive par if the ETF falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
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.
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| Issue: | Capped buffered return enhanced notes
|
| Underlying ETF: | SPDR S&P Regional Banking ETF
|
| Amount: | $3.1 million
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| Maturity: | March 3, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times any ETF gain, capped at 18.4%; par if ETF declines by 10% or less; otherwise, lose 1% for each 1% decline beyond 10%
|
| Initial value: | $73.17
|
| Buffer level: | 90% of initial level
|
| Strike date: | Feb. 22
|
| Pricing date: | Feb. 23
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| Settlement date: | Feb. 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.1%
|
| Cusip: | 48133DGW4
|
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