By Sarah Lizee
Olympia, Wash., March 11 – JPMorgan Chase Financial Co. LLC priced $650,000 of 0% buffered Performance Leveraged Upside Securities due March 3, 2022 linked to the Topix index, 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 200% of any index gain up to a maximum payout of $11.985 per $10.00 PLUS.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond the buffer.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management is handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | Topix
|
| Amount: | $650,000
|
| Maturity: | March 3, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at $11.985 per $10.00 PLUS; par if index declines by up to buffer; 1% loss per 1% decline beyond buffer
|
| Initial value: | 1,510.87
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 4
|
| Agents: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 2.5%
|
| Cusip: | 48132J314
|
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