By Sarah Lizee
Olympia, Wash., May 22 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% buffered digital notes due May 25, 2022 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout will be par plus 21%.
If the index falls by up to 17%, the payout at maturity will be par.
Investors will be exposed to any losses beyond 17%.
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.
|
| Issue: | Buffered digital notes
|
| Underlying asset: | S&P 500 index
|
| Amount: | $1 million
|
| Maturity: | May 25, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above initial level, par plus 21%; if index falls by up to 17%, par; exposure to any losses beyond 17%
|
| Initial level: | 2,840.23
|
| Pricing date: | May 20
|
| Settlement date: | May 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48132CB44
|
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