By William Gullotti
Buffalo, N.Y., Dec. 28 – JPMorgan Chase Financial Co. LLC priced $2.24 million of 0% capped digital barrier notes due Nov. 20, 2025 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 flat or gains, the payout at maturity will be the greater of par plus 16% and par plus index return, capped at par plus 26.85%.
Investors will receive par if the index declines but finishes at or above its 75% barrier level. Otherwise, investors will lose 1% for every 1% that the index declines from initial level.
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: | Capped digital barrier notes
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| Underlying index: | S&P 500 index
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| Amount: | $2.24 million
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| Maturity: | Nov. 20, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is zero or positive, the greater of par plus 16% and par plus index return, capped at par plus 26.85%; par if index falls by no more than 25%; otherwise, 1% loss for each 1% decline from initial level
|
| Initial level: | 4,508.24
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| Barrier level: | 3,381.18; 75% of initial level
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| Pricing date: | Nov. 16
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| Settlement date: | Nov. 21
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.75%
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| Cusip: | 48134RJQ2
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