By Sarah Lizee
Olympia, Wash., Jan. 28 – JPMorgan Chase Financial Co. LLC priced $155,000 of 0% contingent buffered digital notes due July 29, 2021 linked to the Russell 2000 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final value of each asset is greater than or equal to 75% of its initial value, the payout at maturity will be par plus 11.35%.
If either asset falls by more than 25%, investors will be fully exposed to the lesser-performing asset’s decline from its initial value.
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: | Contingent buffered digital notes
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| Underlying assets: | Russell 2000 index and the iShares MSCI Emerging Markets ETF
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| Amount: | $155,000
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| Maturity: | July 29, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final value of each asset is greater than or equal to 75% of its initial value, par plus 11.35%; otherwise, investors will be fully exposed to the lesser-performing asset’s decline from its initial value
|
| Initial values: | 1,662.232 for index and $44.60 for ETF
|
| Barrier levels: | 75% of initial levels
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| Pricing date: | Jan. 24
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| Settlement date: | Jan. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48132HQD7
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