By Wendy Van Sickle
Columbus, Ohio, Feb. 28 – JPMorgan Chase Financial Co. LLC priced $10.31 million of 0% digital equity notes due May 12, 2025 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 90% of initial level, the payout at maturity will be par plus 13.5%.
Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.
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 equity notes
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| Underlying index: | Russell 2000 index
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| Amount: | $10.31 million
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| Maturity: | May 12, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above 90% of initial level, par plus 13.5%; otherwise, 1.1111% loss for every 1% decline beyond 10%
|
| Initial level: | 2,013.838
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| Buffer level: | 90% of initial level
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| Pricing date: | Feb. 22
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| Settlement date: | Feb. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.89%
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| Cusip: | 48134WHQ3
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