By William Gullotti
Buffalo, N.Y., April 14 – JPMorgan Chase Financial Co. LLC priced $5.44 million of 0% digital equity notes due Oct. 15, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above 85% of its initial level, the payout at maturity will be par plus 18.36%.
Otherwise, investors will be fully exposed to the decline of the index from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital equity notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $5,435,000
|
| Maturity: | Oct. 15, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above 85% of initial level, par plus 18.36%; otherwise, 1% loss for every 1% decline from initial level
|
| Initial level: | 1,772.443
|
| Barrier level: | 85% of initial level
|
| Pricing date: | April 10
|
| Settlement date: | April 17
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.51%
|
| Cusip: | 48133VVC1
|
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