By William Gullotti
Buffalo, N.Y., Feb. 1 – JPMorgan Chase Financial Co. LLC priced $3.5 million of 0% capped contingent buffered return enhanced notes due Feb. 12, 2024 linked to the price of grade A copper, 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 plus 150% of any gain in the commodity price, up to a maximum return of par plus 27.525%.
Investors will receive par if the commodity price falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.
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: | Capped contingent buffered return enhanced notes
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| Underlying commodity: | Copper
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| Amount: | $3.5 million
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| Maturity: | Feb. 12, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 150% of any commodity price gain, subject to 27.525% maximum return; par if commodity price falls by up to 20%; otherwise, 1.25% loss for each 1% decline beyond 20%
|
| Initial price: | $9,288.50
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| Threshold: | 80% of initial level
|
| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133U2N1
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