By William Gullotti
Buffalo, N.Y., Aug. 9 – JPMorgan Chase Financial Co. LLC priced $6.16 million of 0% buffered participation securities due Feb. 1, 2024 linked to the Health Care 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 plus any ETF gain capped at par plus 16.85%.
Investors will receive par if the ETF declines by up to 15% and will lose 1% for every 1% ETF decline beyond the 15% buffer.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Buffered participation securities
|
| Underlying fund: | Health Care Select Sector SPDR Fund
|
| Amount: | $6,155,700
|
| Maturity: | Feb. 1, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus any ETF gain, capped at par plus 16.85%; par if ETF falls by up to buffer; 1% loss for every 1% ETF decline beyond 15% buffer
|
| Initial ETF level: | $132.40
|
| Buffer level: | 85% of initial level
|
| Pricing date: | July 29
|
| Settlement date: | Aug. 3
|
| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management as dealer
|
| Fees: | 2.5%
|
| Cusip: | 48133H796
|
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