Chicago, March 16 – JPMorgan Chase Financial Co. LLC priced $7.5 million of 0% uncapped buffered return enhanced notes due Sept. 15, 2025 linked to the Bloomberg Commodity 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. The payout will be par if the index declines but by no more than the 10% buffer. Investors will lose 1% for every 1% that the index declines 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.
|
| Issue: | Uncapped buffered return enhanced notes
|
| Underlying index: | Bloomberg Commodity index
|
| Amount: | $7,495,000
|
| Maturity: | Sept. 15, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains par plus 150% of index return; par if index declines but by no more than 10% buffer; 1% loss for every 1% that index declines beyond the buffer
|
| Initial level: | 104.6154
|
| Upside leverage: | 150%
|
| Cap: | None
|
| Buffer: | 10%
|
| Pricing date: | March 10
|
| Settlement date: | March 15
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48133U4Q2
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