By Wendy Van Sickle
Columbus, Ohio, July 29 – JPMorgan Chase Financial Co. LLC priced $460,000 of 0% capped contingent buffered return enhanced notes due Aug. 10, 2022 linked to the American Depositary Shares of Levi Strauss & Co., 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 200% of any gain in the share price, up to a maximum return of 31.5%.
Investors will receive par if the share price falls by up to 15% and will lose 1% for each 1% decline if it falls by more than 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped contingent buffered return enhanced notes
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| Underlying stock: | Levi Strauss & Co.
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| Amount: | $460,000
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| Maturity: | Aug. 10, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 200% of any share price gain, subject to a maximum return of 31.5%; par if stock price falls by up to 15%; otherwise, 1% loss for each 1% decline from initial price
|
| Initial share price: | $26.61
|
| Threshold: | 85% of initial level
|
| Pricing date: | July 23
|
| Settlement date: | July 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132U5W9
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