By Sarah Lizee
Olympia, Wash., March 12 – JPMorgan Chase Financial Co. LLC priced $6.01 million of 0% buffer securities due Sept. 13, 2022 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.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to 27% and will lose 1% per 1% drop beyond 27%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Buffer securities
|
| Underlying index: | S&P 500
|
| Amount: | $6.01 million
|
| Maturity: | Sept. 13, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus index return if index return is positive; par if index declines by up to 27%; 1% loss for every 1% that index declines beyond 27%
|
| Initial index level: | 2,743.07
|
| Buffer level: | 2,002.44, 73% of initial level
|
| Pricing date: | March 8
|
| Settlement date: | March 13
|
| Underwriters: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48130X299
|
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