By William Gullotti
Buffalo, N.Y., March 20 – JPMorgan Chase Financial Co. LLC priced $3.5 million of 3.35% notes due Feb. 4, 2027 linked to the J.P. Morgan Large-Cap Dynamic Blend 5 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
Interest will be paid on an annual basis for the first three years only.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 150% of the index return.
Otherwise, investors will receive par.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Notes
|
| Underlying index: | J.P. Morgan Large-Cap Dynamic Blend 5 index
|
| Amount: | $3,496,000
|
| Maturity: | Feb. 4, 2027
|
| Coupon: | 3.35% per annum with respect to the first three years, paid annually
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus 150% of index return; otherwise, par
|
| Initial level: | 231.82
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 3
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48133TJY2
|
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