By Marisa Wong
Los Angeles, June 1 – JPMorgan Chase Financial Co. LLC priced $650,000 of 0% buffered return enhanced notes due May 19, 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 above its initial value, the payout at maturity will be par plus 1.185 times the gain.
If the index finishes flat or declines by up to 15%, the payout will be par. Investors will lose 1.17647% for every 1% index decline beyond 15%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Buffered return enhanced notes
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| Underlying index: | S&P 500 index
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| Amount: | $650,000
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| Maturity: | May 19, 2025
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 1.185 times any index gain; par if index finishes flat or falls by up to 15%; otherwise, 1.17647% loss for every 1% index decline beyond 15%
|
| Initial value: | 2,852.50
|
| Strike date: | May 15
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| Pricing date: | May 16
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| Settlement date: | May 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3%
|
| Cusip: | 48132KL37
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