By William Gullotti
Buffalo, N.Y., Sept. 1 – JPMorgan Chase Financial Co. LLC priced $1.94 million of 0% capped buffered equity notes due June 22, 2023 linked to the performance of the Energy Select Sector SPDR Fund, 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 20.15%.
If the final level of the ETF is less than its initial level by up to 20%, par.
Otherwise, investors will lose 1% for every 1% that the ETF declines beyond 20%.
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: | Energy Select Sector SPDR Fund
|
| Amount: | $1,935,000
|
| Maturity: | June 22, 2023
|
| 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 20.15%; if the ETF falls by up to 20%, par; if the final level is less than initial level by more than 20%, 1% loss for every 1% decline beyond 20%
|
| Initial level: | $52.39
|
| Buffer level: | 80% of initial level
|
| Pricing date: | June 18
|
| Settlement date: | June 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.64845%
|
| Cusip: | 48132UMB6
|
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