By Wendy Van Sickle
Columbus, Ohio, Feb. 22 – JPMorgan Chase Financial Co. LLC priced $1.53 million of 0% digital contingent buffered notes due March 11, 2020 linked to a Brent crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final contract price is greater than or equal to the initial price or less than the initial price by up to 30.05%, the payout at maturity will be par plus the contingent digital return of 9%.
If the contract price falls by more than 30.05%, investors will be fully exposed to the decline.
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: | Digital contingent buffered notes
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| Underlying asset: | Brent crude oil futures contract
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| Amount: | $1.53 million
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| Maturity: | March 11, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final contract price is at least 69.95% of initial price, par plus 9%; otherwise, 1% loss per 1% decline
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| Initial contract price: | $67.08
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| Pricing date: | Feb. 20
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| Settlement date: | Feb. 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48130UQJ7
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