By William Gullotti
Buffalo, N.Y., June 23 – JPMorgan Chase Financial Co. LLC priced $3.75 million of 0% capped return enhanced notes due July 2, 2024 linked to the iShares Semiconductor ETF, 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 two times the gain with the payout capped at par plus 32%.
Investors will be fully exposed to any ETF decline.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped return enhanced notes
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| Underlying fund: | iShares Semiconductor ETF
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| Amount: | $3.75 million
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| Maturity: | July 2, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus two times any ETF gain, capped at par plus 32%; full exposure to losses
|
| Initial value: | $512.23
|
| Strike date: | June 15
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| Pricing date: | June 16
|
| Settlement date: | June 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133XVR4
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