By Sarah Lizee
Olympia, Wash., March 17 – JPMorgan Chase Financial Co. LLC priced $905,000 of 0% contingent digital buffered notes due March 25, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final index level is greater than or equal to the initial index level or is less than the initial index level by up to 10%, the payout at maturity will be par plus 11.4%.
If the final index level is less than the initial index level by more than 10%, 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
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Contingent digital buffered notes
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| Underlying index: | S&P 500
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| Amount: | $905,000
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| Maturity: | March 25, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is at least 90% of initial level, par plus 11.4%; otherwise, 1.1111% loss for each 1% loss beyond 10%
|
| Initial level: | 2,746.56
|
| Buffer level: | 90% of initial level
|
| Final price: | Average of closing share prices on five trading days ending March 22, 2021
|
| Pricing date: | March 10
|
| Settlement date: | March 13
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132KHJ7
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