By Wendy Van Sickle
Columbus, Ohio, July 12 – JPMorgan Chase Financial Co. LLC priced $28.02 million of 0% capped gears Aug. 30, 2024 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par of $10 plus triple any fund gain, capped at par plus 30.65%.
Investors will be fully exposed to any fund decline.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped gears
|
| Underlying fund: | Energy Select Sector SPDR fund
|
| Amount: | $28,021,000
|
| Maturity: | Aug. 30, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus three times any fund gain, capped at par plus 30.65%; otherwise, full exposure to any fund decline
|
| Initial level: | $78.93
|
| Pricing date: | June 27
|
| Settlement date: | June 30
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48131C187
|
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