By William Gullotti
Buffalo, N.Y., Dec. 29 – JPMorgan Chase Financial Co. LLC priced $21.73 million of 0% capped enhanced participation equity notes due Feb. 5, 2024 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return greater than the initial level, the payout at maturity will be par plus 300% of the index return, subject to a maximum settlement amount of par plus 46.17%.
Investors will be fully exposed to any index decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped enhanced participation equity notes
|
| Underlying index: | Euro Stoxx Banks index
|
| Amount: | $21,725,000
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| Maturity: | Feb. 5, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 300% of the gain, capped at par plus 46.17%; if the index is flat or declines, one-to-one exposure to decline
|
| Initial level: | 94.46
|
| Pricing date: | Nov. 23
|
| Settlement date: | Dec. 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.21%
|
| Cusip: | 48133P2Y8
|
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