By Wendy Van Sickle
Columbus, Ohio, May 31 – JPMorgan Chase Financial Co. LLC priced $38.84 million 0% enhanced trigger jump securities due Aug. 20, 2024 linked to the WTI crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final commodity level is at least 60% of the initial price, the payout at maturity will be par plus the upside payment of 15%.
If the final commodity level is less than the 60% trigger level, investors will be fully exposed to the commodity’s decline from its initial price.
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: | Enhanced trigger jump securities
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| Underlying commodity: | WTI crude oil futures contracts
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| Amount: | $38,843,000
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| Maturity: | Aug. 20, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final commodity price is at least 60% of the initial price, par plus 15%; otherwise, 1% loss per 1% decline from initial price
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| Initial price: | $72.91
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| Trigger level: | $43.746; 60% of initial level
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| Pricing date: | May 23
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| Settlement date: | May 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.25%
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| Cusip: | 48130U7G1
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