By Marisa Wong
Los Angeles, March 13 – JPMorgan Chase Financial Co. LLC priced $1.78 million of 0% digital contingent buffered notes due March 24, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index gains, finishes flat or falls by up to 19%, the payout at maturity will be par plus 8%.
If the index falls by more than 19%, investors will be fully exposed to the index decline.
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 index: | S&P 500
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| Amount: | $1.78 million
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| Maturity: | March 24, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 8% unless index falls by more than 19%, in which case full exposure to the index decline
|
| Initial level: | 3,023.94
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| Final level: | Average of index closing levels on five averaging dates ending March 19, 2021
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| Pricing date: | March 5
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| Settlement date: | March 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132KFK6
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