By Wendy Van Sickle
Columbus, Ohio, July 19 – JPMorgan Chase Financial Co. LLC priced $2.12 million of 0% digital contingent buffered notes due July 31, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains or falls by no more than 25%, the payout at maturity will be par plus 10.15%. Otherwise, investors will be fully exposed to index decline.
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: | Digital contingent buffered notes
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| Underlying index: | S&P 500 index
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| Amount: | $2.12 million
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| Maturity: | July 31, 2023
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If index gains or declines but by no more than 25%, par plus 10.15%; full exposure to the decline of index if it finishes below the contingent buffer
|
| Initial level: | 3,801.78
|
| Strike date: | July 13
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| Pricing date: | July 14
|
| Settlement date: | July 19
|
| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
|
| Cusip: | 48133LRL8
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