By Wendy Van Sickle
Columbus, Ohio, Oct. 1 – JPMorgan Chase Financial Co. LLC priced $14.95 million of 0% buffered digital notes due Sept. 26, 2024 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 at or above its initial level, the payout at maturity will be par plus 18%.
If the index falls by up to 14%, the payout will be par.
Otherwise, investors will lose 1% for every 1% index decline beyond the 14% buffer.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Buffered digital notes
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| Underlying index: | S&P 500
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| Amount: | $14,949,000
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| Maturity: | Sept. 26, 2024
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| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If the index finishes flat or gains, par plus 18%; if index falls by up to 14%, par; otherwise, 1% loss for every 1% index decline beyond the 14% buffer
|
| Initial value: | 4,448.98
|
| Pricing date: | Sept. 23
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| Settlement date: | Sept. 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.7487%
|
| Cusip: | 48132WUE7
|
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