Chicago, Feb. 14 – JPMorgan Chase Financial Co. LLC priced $770,000 of 0% capped buffered equity notes due May 6, 2022 linked to the performance of the SPDR S&P Bank ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of the ETF is greater than its initial level, the payout at maturity will be par plus the ETF’s return with a maximum payout of par plus 18%.
If the final level of the ETF is less than its initial level by up to 21%, par.
Otherwise, investors will be fully exposed to the losses of the ETF.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered equity notes
|
| Underlying fund: | SPDR S&P Bank ETF
|
| Amount: | $770,000
|
| Maturity: | May 6, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the ETF’s final level is greater than its initial level, par plus ETF’s return, capped at par plus 18%; if the ETF falls by up to barrier level, par; if the final level is less than initial level by more than barrier, 1% loss for every 1% decline from initial level
|
| Initial level: | $50.76
|
| Barrier level: | 79% of initial level
|
| Pricing date: | April 21, 2021
|
| Settlement date: | April 26, 2021
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132TZB5
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
