By Sarah Lizee
Olympia, Wash., Sept. 6 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped buffered equity notes due Sept. 4, 2024 linked to the Nasdaq-100 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 the gain, capped at 54.35%.
If the index finishes flat or declines by up to 23%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline beyond 23%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered equity notes
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $500,000
|
| Maturity: | Sept. 4, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 54.35%; par if index finishes flat or declines by up to 23%; 1% loss for every 1% decline beyond 23%
|
| Initial value: | 7,702.312
|
| Buffer value: | 77% of initial level
|
| Pricing date: | Aug. 29
|
| Settlement date: | Sept. 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48132FER3
|
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