New York, May 30 – JPMorgan Chase Financial Co. LLC priced $3.1 million of 0% buffered digital notes due May 10, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes flat or gains, the payout at maturity will be par plus 13.2%.
Investors will receive par if the index falls by no more than 10% and lose 1% for every 1% the index declines beyond 10%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Buffered digital notes
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| Underlying index: | S&P 500 index
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| Amount: | $3.1 million
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| Maturity: | May 10, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes flat or gains, par plus 13.2%; if index falls by no more than 10%, par; otherwise, 1% loss for every 1% that index declines beyond 10%
|
| Initial level: | 4,090.75
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| Buffer: | 10%
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| Strike date: | May 3
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| Pricing date: | May 4
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| Settlement date: | May 8
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.1%
|
| Cusip: | 48133WXH6
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