By Kiku Steinfeld
Chicago, Sept. 25 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% contingent digital buffered notes due Oct. 19, 2021 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than or equal to the initial index level or is less than the initial index level by up to 20%, the payout at maturity will be par plus 7.25%.
If the final index level is less than the initial index level by more than 20%, investors will lose 1.25% for every 1% that the index declines beyond 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Contingent digital buffered notes
|
| Underlying index: | Nasdaq-100
|
| Amount: | $500,000
|
| Maturity: | Oct. 19, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is at least 80% of initial level, par plus 7.25%; otherwise, 1.25% loss for each 1% loss beyond 20%
|
| Initial level: | 11,080.95
|
| Buffer level: | 80% of initial level
|
| Final price: | Average of closing share prices on five trading days ending Oct. 14, 2021
|
| Strike date: | Sept. 17
|
| Pricing date: | Sept. 18
|
| Settlement date: | Sept. 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.7%
|
| Cusip: | 48132PDJ0
|
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