By William Gullotti
Buffalo, N.Y., Aug. 11 – JPMorgan Chase Financial Co. LLC priced $3.29 million of 0% capped accelerated barrier notes due Aug. 1, 2024 linked to the Euro Stoxx 50 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 value, the payout at maturity will be par plus triple the gain, with the payout capped at par plus 29.15%.
If the index finishes flat or declines by up to 25%, the payout will be par. Otherwise, investors will be fully exposed to any index decline from the initial level.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped accelerated barrier notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $3,285,000
|
| Maturity: | Aug. 1, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus three times any index gain, capped at par plus 29.15%; par if index finishes flat or declines by up to 25%; otherwise, 1% loss for every 1% index decline from its initial level
|
| Initial value: | 4,116.77
|
| Barrier value: | 3,087.5775; 75% of initial level
|
| Pricing date: | July 29
|
| Settlement date: | Aug. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.75%
|
| Cusip: | 48132UF65
|
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