Chicago, Feb. 9 – JPMorgan Chase Financial Co. LLC priced $5.25 million of 0% digital equity notes due April 28, 2022 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 $1,077.40 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.
|
| Issue: | Digital equity notes
|
| Underlying index: | Russell 2000 index
|
| Amount: | $5,250,000
|
| Maturity: | April 28, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than or equal to buffer level, par plus 7.74%; otherwise, 1.1111% loss for every 1% index decline beyond buffer
|
| Initial level: | 2,262.67
|
| Buffer level: | 90% of initial level
|
| Pricing date: | April 16
|
| Settlement date: | April 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.73%
|
| Cusip: | 48132TVV5
|
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