By Kiku Steinfeld
Chicago, Sept. 8 – JPMorgan Chase Financial Co. LLC priced $6.37 million of 0% Performance Leveraged Upside Securities due March 3, 2022 linked to the SPDR S&P Bank exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par of $10 plus 150% of any fund gain, up to a maximum return of 38%.
Investors will be exposed to any losses.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Smith Barney LLC handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying ETF: | SPDR S&P Bank ETF
|
| Amount: | $6,365,000
|
| Maturity: | March 3, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any fund gain, return capped at 38%; full exposure to any fund decline
|
| Initial level: | $32.45
|
| Pricing date: | Aug. 28
|
| Settlement date: | Sept. 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 48132L111
|
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