By Kiku Steinfeld
Chicago, May 28 – JPMorgan Chase Financial Co. LLC priced $4.56 million of 0% return notes due May 31, 2022 linked to the J.P. Morgan Kronos+ index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus the index return all multiplied by an adjustment factor of 100%.
Investors will receive less than par if the index declines.
The level of the index reflects the deduction of a fee of 0.95% per year that accrues daily and, in some circumstances, a notional financing cost.
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.
|
| Issue: | Return notes
|
| Underlying index: | J.P. Morgan Kronos+
|
| Amount: | $4,561,000
|
| Maturity: | May 31, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus return, all multiplied by 100%
|
| Initial level: | 216.93
|
| Pricing date: | April 30
|
| Settlement date: | May 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48132TPH3
|
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