Chicago, Sept. 3 – JPMorgan Chase Financial Co. LLC priced $1.88 million 0% capped buffered enhanced participation equity notes due Feb. 9, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Then notes are guaranteed by JPMorgan Chase & Co.
If the index return is positive, investors will receive par plus 1.5 times the index return, subject to a maximum payment of $1,157.50 per $1,000 principal amount of notes.
If the index is flat or declines by no more than 25%, investors will receive par.
Otherwise, investors will lose 1.3333% for each 1% decline of the index beyond 25%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered enhanced participation equity notes
|
| Underlying index: | Dow Jones industrial average
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| Amount: | $1,881,000
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| Maturity: | Feb. 9, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times positive index return, subject to a maximum settlement amount of $1,157.50 per $1,000 principal amount of notes; par if index declines, but not more than 25%; 1.3333% for each 1% decline beyond 25%
|
| Initial price: | 25,717.74
|
| Buffer price: | 75% of initial level
|
| Pricing date: | Aug. 5
|
| Settlement date: | Aug. 12
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.53%
|
| Cusip: | 48132CE74
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