By William Gullotti
Buffalo, N.Y., Nov. 8 – JPMorgan Chase Financial Co. LLC priced $4.9 million of 0% digital equity notes due Feb. 3, 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 return is greater than or equal to the 90% buffer level, the payout at maturity will be the threshold settlement amount of $1,090 per $1,000 principal amount of notes.
Otherwise, investors will lose 1.1111% for every 1% index decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Digital equity notes
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| Underlying index: | Russell 2000 index
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| Amount: | $4.9 million
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| Maturity: | Feb. 3, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is greater than or equal to buffer level, par plus 9%; otherwise, 1.1111% loss for every 1% index decline beyond buffer
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| Initial level: | 2,358.121
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| Buffer level: | 90% of initial level
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| Pricing date: | Nov. 1
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| Settlement date: | Nov. 8
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.92%
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| Cusip: | 48132YHJ7
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