By William Gullotti
Buffalo, N.Y., Feb. 9 – JPMorgan Chase Financial Co. LLC priced $5.1 million of 0% capped accelerated barrier notes due Jan. 30, 2025 linked to an equally-weighted basket of ETFs, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The stock basket consists of the Invesco S&P 500 Equal Weight ETF, the Health Care Select Sector SPDR Fund and the Technology Select Sector SPDR Fund
If the basket finishes above its initial value, the payout at maturity will be par plus 300% of the gain, with the payout capped at par plus 30.5%.
If the basket finishes flat or declines by up to 20%, the payout will be par. Otherwise, investors will be fully exposed to the decline of the basket from its initial level.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped accelerated barrier notes
|
| Underlying funds: | Invesco S&P 500 Equal Weight ETF, Health Care Select Sector SPDR Fund, Technology Select Sector SPDR Fund; equal weights
|
| Amount: | $5,096,000
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| Maturity: | Jan. 30, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any basket gain, capped at par plus 30.5%; par if basket finishes flat or declines by up to 20%; otherwise, 1% loss for every 1% basket decline from initial level
|
| Initial values: | $150.80 for Invesco, $132.86 for Health Care, $136.70 for Technology
|
| Barrier value: | 80% of initial level
|
| Pricing date: | Jan. 27
|
| Settlement date: | Feb. 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48133TSL0
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