By Marisa Wong
Morgantown, W.Va., May 4 – JPMorgan Chase Financial Co. LLC priced $18.62 million of 0% trigger jump securities due May 4, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is zero or positive, the payout at maturity will be par of $10 plus the greater of the index return and 75.25%. Investors will receive par if the index falls by up to 40% and will lose 1% for each 1% decline from the initial level if the index declines by more than 40%.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as a dealer.
| Issuer: | JPMorgan Chase Financial Company LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger jump securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $18.62 million
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| Maturity: | May 4, 2023
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index return is zero or positive, par plus greater of index return and 75.25%; par if index falls by up to 40%; 1% loss for each 1% decline from initial level if index falls by more than 40%
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| Initial index level: | 3,559.59
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| Downside threshold: | 2,135.754, 60% of initial index level
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| Pricing date: | April 28
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| Settlement date: | May 4
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| Underwriter: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management as dealer
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| Fees: | 3.5%
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| Cusip: | 48129F242
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