By Wendy Van Sickle
Columbus, Ohio, May 7 – JPMorgan Chase Financial Co. LLC priced $1.08 million of 0% contingent digital buffered notes due May 19, 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 20%, the payout at maturity will be par plus 12%.
Otherwise, investors will lose 1% for every 1% index decline from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Contingent digital buffered notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,079,000
|
| Maturity: | May 19, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 12% unless index falls by more than 20%, in which case 1% loss for every 1% decline from initial level
|
| Initial level: | 2,830.71
|
| Final level: | Average of index closing levels for five trading days ending May 14, 2021
|
| Pricing date: | May 4
|
| Settlement date: | May 7
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132K5T8
|
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