New York, Oct. 31 – JPMorgan Chase Financial Co. LLC priced $4 million of 0% contingent digital buffered notes due Oct. 10, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 65% of initial level, the payout at maturity will be par plus 6%.
Otherwise, investors will lose 1.53846% for every 1% decline beyond 35%.
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: | Contingent digital buffered notes
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| Underlying index: | S&P 500 index
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| Amount: | $4 million
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| Maturity: | Oct. 10, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above 65% of initial level, par plus 6%; otherwise, lose 1.53846% for every 1% decline beyond 35%
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| Initial level: | 3,789.93
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| Digital payment: | 6%
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| Buffer: | 35%
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| Pricing date: | Sept. 22
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| Settlement date: | Sept. 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133NHS0
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