By William Gullotti
Buffalo, N.Y., May 15 – JPMorgan Chase Financial Co. LLC priced $2.44 million of 0% capped buffered enhanced participation equity notes due Nov. 13, 2024 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 at or above its initial level, the payout at maturity will be par plus 150% of the index return, subject to a maximum settlement amount of par plus 17.34%.
If the index declines but finishes at or above its 85% buffer level, investors will receive par.
If the index falls by more than 15%, investors will lose 1.1765% for each 1% decline beyond the buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered enhanced participation equity notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $2,441,000
|
| Maturity: | Nov. 13, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above initial level, par plus 150% of the gain, capped at par plus 17.34%; if the index declines by up to 15%, par; otherwise, lose 1.1765% for each 1% decline beyond 15%
|
| Initial level: | 33,531.33
|
| Buffer level: | 85% of initial index level
|
| Pricing date: | May 10
|
| Settlement date: | May 17
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.51%
|
| Cusip: | 48133WXN3
|
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