By Marisa Wong
Los Angeles, July 6 – JPMorgan Chase Financial Co. LLC priced $8.24 million of 0% digital contingent buffered notes due July 8, 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%, payout at maturity will be par plus 9.9%. Otherwise, investors will be exposed to the index’s decline from its initial level.
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 index
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| Amount: | $8.24 million
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| Maturity: | July 8, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 9.9% unless index falls by more than 20%, in which case full exposure to decline from the initial level
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| Initial level: | 3,097.74
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| Final level: | Average of index closing levels for five trading days ending July 2, 2021
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| Pricing date: | June 19
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| Settlement date: | June 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132MKF7
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