Chicago, Dec. 4 – JPMorgan Chase Financial Co. LLC priced $2.4 million of 0% capped buffered return enhanced notes due June 2, 2026 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 150% of the return of the index capped at par plus 41.8%. The payout will be par if the index declines but by no more than the 20% buffer. Investors will lose 125% of any decline in the index beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped buffered return enhanced notes
|
| Underlying index: | S&P MidCap 400 index
|
| Amount: | $2.4 million
|
| Maturity: | June 2, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus 150% of index return capped at par plus 41.8%; par if index declines but by no more than 20% buffer; investors lose 125% of any decline in index beyond the buffer
|
| Initial level: | 2,539.24
|
| Buffer level: | 80% of initial level
|
| Upside leverage: | 150%
|
| Cap: | 41.8%
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| Buffer: | 20%
|
| Downside leverage: | 125%
|
| Pricing date: | Nov. 28
|
| Settlement date: | Dec. 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0%
|
| Cusip: | 48134RUB2
|
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