By Kiku Steinfeld
Chicago, Jan. 29 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped barrier notes due April 25, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial value, the payout at maturity will be par plus the gain, capped at 12.5%.
If the index finishes flat or declines by up to 20%, the payout will be par. Otherwise, investors will lose 1% for every 1% decline of the index.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped barrier notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $500,000
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| Maturity: | April 25, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at 12.5%; par if index finishes flat or declines by up to buffer level; 1% loss for every 1% decline
|
| Initial value: | 31,188.38
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| Barrier level: | 24,950.704 of 80% of initial level
|
| Pricing date: | Jan. 20
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| Settlement date: | Jan. 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.25%
|
| Cusip: | 48132RLG3
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