By William Gullotti
Buffalo, N.Y., Oct. 27 – JPMorgan Chase Financial Co. LLC priced $2.36 million of 0% uncapped buffered equity notes due Sept. 25, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above initial level, the payout at maturity will be par plus the index return.
If the index declines by up to 15%, the payout will be par. Investors will be exposed to any losses beyond 15%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped buffered equity notes
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| Underlying index: | S&P 500
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| Amount: | $2.36 million
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| Maturity: | Sept. 25, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the index finishes at or above initial level, par plus the index return; par if index declines by up to 15%; otherwise, lose 1% for every 1% decline below 15%
|
| Initial value: | 3,855.93
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| Buffer value: | 85% of initial value
|
| Pricing date: | Sept. 20
|
| Settlement date: | Sept. 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.55%
|
| Cusip: | 48133MYB0
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