Chicago, Sept. 3 – JPMorgan Chase Financial Co. LLC priced $625,000 of contingent buffered return enhanced notes due Aug. 8, 2024 linked to the Dow Jones industrial average, 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 1.3 times the return of the index if the final value of the index is above its initial level.
If the index is flat or falls up to 45%, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the index.
JPMorgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Contingent buffered return enhanced notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $625,000
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| Maturity: | Aug. 8, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.3 times the return if index return finishes positive; par if index is flat or falls by no more than 45%; otherwise full exposure to losses of index
|
| Initial level: | 26,007.07
|
| Buffer level: | 55% of initial level
|
| Pricing date: | Aug. 7
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| Settlement date: | Aug. 12
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132CZ97
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