By Wendy Van Sickle
Columbus, Ohio, Sept. 27 – JPMorgan Chase Financial Co. LLC priced $12.96 million of 0% capped buffered enhanced participation equity notes due Jan. 23, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than the initial level, the payout at maturity will be par plus 1.5 times the index return, subject to a maximum settlement amount of par plus 24.6%.
If the final index level is less than or equal to the initial index level but greater than or equal to the 90% buffer level, investors will receive par.
If the index falls by more than 10%, investors will lose 1.1111% for each 1% decline beyond the buffer.
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 buffered enhanced participation equity notes
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| Underlying index: | S&P 500 index
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| Amount: | $12,955,000
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| Maturity: | Jan. 23, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 1.5 times the gain, capped at par plus 24.6%; if the index is flat or declines by up to 10%, par; if the index falls below the buffer level, investors will lose 1.1111% for each 1% decline beyond 10%
|
| Initial level: | 3,789.93
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| Buffer level: | 90% of initial index level
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| Pricing date: | Sept. 21
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| Settlement date: | Sept. 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.97%
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| Cusip: | 48133MZ60
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