Chicago, March 13 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% capped buffered return enhanced notes due July 5, 2029 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 85% of the return of the index plus a 25.22% buffer capped at par plus 52.42%. If the index declines but not more than 13%, the payout will be par then the index return plus a 13% buffer times a leverage factor of 194% (for a positive return. Otherwise, Investors will lose 1% for every 1% that the index declines beyond the 13% buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered return enhanced notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $2 million
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| Maturity: | July 5, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains par plus 85% of index return plus 25.22% capped at par plus 52.42%; if index declines but by no more than 13% buffer, par plus the index return plus 13% buffer times 194% leverage factor; otherwise, 1% loss for every 1% that index declines beyond the buffer
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| Initial level: | Determined as average on trading days from March 4 to May 31
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| Final Value: | Arithmetic average of the closing levels of the index on the ending averaging dates between April 2, 2029 and June 29, 2029
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| Cap: | 52.42%
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| Buffer: | 13%
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| Pricing date: | March 5
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| Settlement date: | March 8
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48134W4A2
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