By Kiku Steinfeld
Chicago, Nov. 16 – JPMorgan Chase Financial Co. LLC priced $432,000 of 0% buffered digital notes due Nov. 1, 2023 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 the initial index level, the payout at maturity will be par plus 11.5%.
If the index falls by more than 15%, investors will lose 1% for every 1% that the index declines beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Buffered digital notes
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| Underlying index: | Russell 2000
|
| Amount: | $432,000
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| Maturity: | Nov. 1, 2023
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 11.5% unless index falls by more than 15%, in which case 1% loss for every 1% index decline beyond 15%
|
| Initial level: | 1,590.482
|
| Buffer level: | 85% of initial level
|
| Pricing date: | Oct. 27
|
| Settlement date: | Oct. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.8%
|
| Cusip: | 48132PHJ6
|
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