By Kiku Steinfeld
Chicago, Feb.3 – JPMorgan Chase Financial Co. LLC priced $2.7 million of 0% contingent buffered equity notes due July 28, 2021, 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 at or above the initial level, the payout at maturity will be par plus the index return, subject to a contingent minimum return of 12.03%.
Investors will receive par if the index falls by up to 25% and will lose 1% for each 1% decline below the initial level if the index falls by more than the 25% contingent buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Contingent buffered equity notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2,697,000
|
| Maturity: | July 28, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above the initial level, par plus the index return subject to a contingent minimum return of 12.03%; par if the index falls by up to 25%; 1% loss for each 1% decline below the initial level if the index falls by more than the 25% contingent buffer
|
| Initial index level: | 3,779.16
|
| Buffer level: | 75% of initial level
|
| Final index level: Average of index’s closing levels on five trading days ending July 23, 2021
|
| Pricing date: | Jan. 24
|
| Settlement date: | Jan. 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48132HVE9
|
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