By Wendy Van Sickle
Columbus, Ohio, Nov. 9 – JPMorgan Chase Financial Co. LLC priced $10 million of 0% digital contingent buffered notes due Nov. 21, 2022 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its strike level, the payout will be par plus 7.6%.
If the lesser-performing index falls by up to 25% below its strike level, the payout will be par.
Otherwise, investors will lose 1% decline for every 1% decline of the least performing index from its strike level.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Digital contingent buffered notes
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| Underlying indexes: | S&P 500 index, Russell 2000 index
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| Amount: | $10 million
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| Maturity: | Nov. 21, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above its strike level, par plus 7.6%; if lesser-performing index falls by up to 25% below strike level, par; otherwise, 1% loss for every 1% decline of the least performing index from its strike level
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| Strike levels: | 4,350.65 for S&P, 2,234.271 for Russell
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| Strike date: | Nov. 3
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| Pricing date: | Nov. 4
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| Settlement date: | Nov. 9
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.4%
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| Cusip: | 48132YQK4
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