By William Gullotti
Buffalo, N.Y., Jan. 10 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped buffered equity notes due Aug. 29, 2022 linked to the performance of the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final level of the ETF is greater than its initial level, the payout at maturity will be par plus the ETF’s return with a maximum payout of par plus 18%.
If the final level of the ETF is less than its initial level by up to 12.75%, par.
Otherwise, investors will lose 1% for every 1% that the ETF declines beyond 12.75%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered equity notes
|
| Underlying fund: | ARK Innovation ETF
|
| Amount: | $500,000
|
| Maturity: | Aug. 29, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the ETF’s final level is greater than its initial level, par plus ETF’s return, capped at par plus 18%; if the ETF falls by up to 12.75%, par; if the final level is less than initial level by more than 12.75%, 1% loss for every 1% decline beyond 12.75%
|
| Initial level: | $119.48
|
| Buffer level: | 87.25% of initial level
|
| Pricing date: | Aug. 23
|
| Settlement date: | Aug. 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 48132WFT1
|
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