By Wendy Van Sickle
Columbus, Ohio, March 9 – JPMorgan Chase Financial Co. LLC priced $1.24 million of 0% capped buffered return enhanced notes due March 1, 2023 linked to the MSCI Emerging Markets index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any index gain, up to a maximum return of 19.65%.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying index: | MSCI Emerging Markets
|
| Amount: | $1,237,000
|
| Maturity: | March 1, 2023
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 2 times any index gain, capped at 19.65%; par if index declines by 15% or less; exposure to losses beyond 15%
|
| Initial value: | 1,376.76
|
| Pricing date: | Feb. 24
|
| Settlement date: | Feb. 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0%
|
| Cusip: | 48132R5N6
|
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