Chicago, Jan. 30 – JPMorgan Chase Financial Co. LLC priced $3.35 million of 0% buffered digital notes due Feb. 28, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains the payout at maturity will be par plus 12.1%. The payout will be par if the index declines, but not more than 10%. Or, investors will lose 1% for every 1% the index declines beyond its 10% buffer.
The notes are non-callable.
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: | $3.35 million
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| Maturity: | Feb. 28, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 12.1%; par if index declines but not more than 10%; otherwise, 1% loss for every 1% that index declines beyond the 10% buffer
|
| Initial level: | 4,756.50
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| Buffer level: | 90% of initial level
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| Buffer: | 10%
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| Call: | Non-callable
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| Strike date: | Jan. 9
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| Pricing date: | Jan. 10
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| Settlement date: | Jan. 12
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.1%
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| Cusip: | 48134TSZ8
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