By William Gullotti
Buffalo, N.Y., March 28 – JPMorgan Chase Financial Co. LLC priced $4 million of 0% capped buffer gears due May 23, 2024 linked to the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par of $10 plus 1.5 times any index gain, capped at par plus 11.45%.
If the index falls by up to 15%, the payout will be par. Investors will lose 1% for every 1% index decline beyond 15%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffer gears
|
| Underlying index: | S&P 500 Value index
|
| Amount: | $4 million
|
| Maturity: | May 23, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 11.45%; par if index falls by up to 15%; 1% loss per 1% decline beyond 15%
|
| Initial value: | 1,443.85084
|
| Downside threshold: | 1,227.27321; 85% of initial level
|
| Strike date: | March 20
|
| Pricing date: | March 21
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| Settlement date: | March 24
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48130Y727
|
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