Chicago, Feb. 24 – JPMorgan Chase Financial Co. LLC priced $16.45 million of 0% contingent digital buffered notes due March 6, 2024 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 its 15% buffer the payout at maturity will be par plus 9.2%. The payout will be par less 117.647% of the index decline beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| 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: | $16.45 million
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| Maturity: | March 6, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains or declines but by no more than 15% buffer, par plus 9.2%; 117.647% of index decline beyond the buffer
|
| Initial level: | 4,079.09
|
| Digital payment: | 9.2%
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| Buffer: | 15%
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| Downside leverage: | 117.647%
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| Pricing date: | Feb. 17
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| Settlement date: | Feb. 23
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133UF56
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