By Kiku Steinfeld
Chicago, Sept. 25 – JPMorgan Chase Financial Co. LLC priced $5.96 million of 0% contingent digital buffered notes due Sept. 29, 2021 linked to the Nasdaq -100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final index level is greater than or equal to the initial index level or is less than the initial index level by up to 30%, the payout at maturity will be par plus 9.45%.
If the final index level is less than the initial index level by more than 30%, investors will lose 1% for every 1% that the index declines from its initial level
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: | Contingent digital buffered notes
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| Underlying index: | Nasdaq -100
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| Amount: | $5.96 million
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| Maturity: | Sept. 29, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is at least 70% of initial level, par plus 9.45%; otherwise, 1% loss for each 1% loss of index
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| Initial level: | 11,087.40
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| Buffer level: | 70% of initial level
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| Final price: | Average of closing share prices on five trading days ending Sept. 24, 2021
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| Pricing date: | Sept. 11
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| Settlement date: | Sept. 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132MZ53
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