Chicago, May 29 – JPMorgan Chase Financial Co. LLC priced $7.02 million of capped buffered return enhanced notes due Feb. 17, 2023 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 index finishes above its initial value, the payout at maturity will be par plus 1.5 times the gain with the payout capped at par plus 47.35%.
If the index finishes flat or declines by up to 18%, the payout will be par. Investors will lose 1.21951% for each 1% decline beyond 18%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $7,020,000
|
| Maturity: | Feb. 17, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 47.35%; par if index finishes flat or declines by up to 18%; 1.21951% for each 1% decline beyond 18%
|
| Initial value: | 2,834.41
|
| Pricing date: | May 14
|
| Settlement date: | May 17
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.4%
|
| Cusip: | 48132CLW1
|
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