By Kiku Steinfeld
Chicago, Feb. 22 – JPMorgan Chase Financial Co. LLC priced $912,000 of 0% digital barrier notes due Feb. 15, 2023 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund finishes at or above its initial level, the payout at maturity will be par plus 12.5%.
If the fund declines by no more than 25%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the fund from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Digital barrier notes
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| Underlying fund: | Energy Select Sector SPDR
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| Amount: | $912,000
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| Maturity: | Feb. 15, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If fund finishes at or above its initial level, par plus 12.5%; if fund declines by no more than 25%, par; otherwise, full exposure to any losses
|
| Initial level: | $44.71
|
| Barrier level: | $33.5325; 75% of initial level
|
| Pricing date: | Feb. 10
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| Settlement date: | Feb. 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.75%
|
| Cusip: | 48132R2T6
|
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