By Wendy Van Sickle
Columbus, Ohio, April 21 – JPMorgan Chase Financial Co. LLC priced $11.67 million 0% enhanced trigger jump securities due Nov. 5, 2024 linked to the KraneShares CSI China Internet ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final ETF level is at least 80% of the initial level, the payout at maturity will be par plus the upside payment of 24.35%.
If the final ETF level is less than the 80% trigger level, investors will be fully exposed to the ETF’s decline from its initial level.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Enhanced trigger jump securities
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| Underlying fund: | KraneShares CSI China Internet ETF
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| Amount: | $11,672,000
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| Maturity: | Nov. 5, 2024
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If final ETF level is at least 80% of the initial level, par plus 24.35%; otherwise, 1% loss per 1% decline from initial level
|
| Initial level: | $42.31
|
| Trigger level: | $33.848; 80% of initial level
|
| Pricing date: | April 14
|
| Settlement date: | April 19
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| Agent: | J.P. Morgan Securities LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 48133VTQ3
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