By Marisa Wong
Los Angeles, June 21 – JPMorgan Chase Financial Co. LLC priced $172,000 of 0% capped accelerated barrier notes due March 30, 2023 linked to the iShares Global Clean Energy exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF finishes above its initial value, the payout at maturity will be par plus 2 times the gain, with the payout capped at par plus 40%.
If the ETF finishes flat or declines by up to 30%, the payout will be par. Otherwise, investors will be fully exposed to any ETF decline below its initial value.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped accelerated barrier notes
|
| Underlying ETF: | iShares Global Clean Energy ETF
|
| Amount: | $172,000
|
| Maturity: | March 30, 2023
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 2 times any ETF gain, capped at par plus 40%; par if ETF finishes flat or declines by up to 30%; otherwise, 1% loss for every 1% ETF decline below the initial value
|
| Initial value: | $22.96
|
| Barrier value: | $16.072, 70% of initial value
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 48132TBG0
|
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