By William Gullotti
Buffalo, N.Y., Nov. 27 – JPMorgan Chase Financial Co. LLC priced $3.21 million of 0% digital buffered notes due Dec. 4, 2024 linked to the S&P 500 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 its 85% buffer level, the payout at maturity will be par plus 8.11%.
Otherwise, investors will lose 1.17647% for every 1% index decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital buffered notes
|
| Underlying index: | S&P 500 index
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| Amount: | $3,205,000
|
| Maturity: | Dec. 4, 2024
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index finishes at or above buffer level, par plus 8.11%; otherwise, 1.17647% loss for every 1% of index decline beyond 15%
|
| Initial level: | 4,514.02
|
| Buffer level: | 85% of initial level
|
| Pricing date: | Nov. 17
|
| Settlement date: | Nov. 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48134RLZ9
|
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