By Sarah Lizee
Olympia, Wash., May 1 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% buffered digital notes due July 27, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 7.5%.
If the index falls by up to 28.5%, the payout at maturity will be par.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 28.5%.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Buffered digital notes
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| Underlying index: | S&P 500
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| Amount: | $500,000
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| Maturity: | July 27, 2021
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If the final index level is greater than or equal to the initial index level, par plus 7.5%; if the index falls by up to 16.4%, par; 1% loss for every 1% that the index declines beyond 16.4%
|
| Initial level: | 2,799.31
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| Buffer level: | 71.5% of initial level
|
| Pricing date: | April 24
|
| Settlement date: | April 29
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.55%
|
| Cusip: | 48132KYL3
|
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