By William Gullotti
Buffalo, N.Y., March 21 – JPMorgan Chase Financial Co. LLC priced $8.33 million of 0% capped enhanced participation equity notes due March 17, 2026 linked to the iShares MSCI USA Quality Factor ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF return greater than the initial level, the payout at maturity will be par plus 300% of the ETF return, subject to a maximum settlement amount of par plus 23.1%.
Investors will be fully exposed to any ETF decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped enhanced participation equity notes
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| Underlying ETF: | iShares MSCI USA Quality Factor ETF
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| Amount: | $8.33 million
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| Maturity: | March 17, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF gains, par plus 300% of the gain, capped at par plus 23.1%; otherwise, full exposure to loss
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| Initial level: | $163.27
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| Pricing date: | March 13
|
| Settlement date: | March 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.87%
|
| Cusip: | 48134WE37
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