By Wendy Van Sickle
Columbus, Ohio, April 20 – JPMorgan Chase Financial Co. LLC priced $2.24 million of uncapped buffered return enhanced notes due April 19, 2027 linked to the MerQube US Tech+ Vol Advantage index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, the payout at maturity will be par plus 2.15 times any gain.
If the index declines by up to 20%, the payout will be par. Investors will lose 1% for each 1% decline beyond 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped buffered return enhanced notes
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| Underlying index: | MerQube US Tech+ Vol Advantage
|
| Amount: | $2,237,000
|
| Maturity: | April 19, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.15 times any gain; par if index declines by up to 20%; one-to-one exposure to losses beyond 20%
|
| Initial level: | 8,254.01
|
| Pricing date: | April 14
|
| Settlement date: | April 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133FGH2
|
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