By Wendy Van Sickle
Columbus, Ohio, March 20 – JPMorgan Chase Financial Co. LLC priced $7.53 million of 0% digital contingent buffered notes due March 31, 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 29.67%, the payout at maturity will be par plus 8%.
If the final index level is less than the initial index level by more than 29.67%, investors will lose 1% for every 1% that the index declines from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital contingent buffered notes
|
| Underlying index: | S&P 500
|
| Amount: | $7,525,000
|
| Maturity: | March 31, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is at least 70.33% of initial level, par plus 8%; otherwise, 1% loss for each 1% loss from initial level
|
| Initial level: | 2,882.23
|
| Buffer level: | 70.33% of initial level
|
| Final price: | Average of closing share prices on five trading days ending March 26, 2021
|
| Pricing date: | March 11
|
| Settlement date: | March 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132KJD8
|
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