By Taylor Fox
New York, Oct. 26 – JPMorgan Chase Financial Co. LLC priced $558,000 of 0% contingent buffered digital notes due Dec. 29, 2021 linked to the least performing of the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If both indexes finish positive, the payout at maturity will be par plus a 17.4% digital return.
If either index declines, but not more than 30% from its initial level, the payout will be par.
Otherwise, the payout will be par plus the return of the lesser performing index with full exposure to the decline.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Contingent buffered digital notes
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| Underlying indexes: | Nasdaq-100 and S&P 500
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| Amount: | $558,000
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| Maturity: | Dec. 29, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 17.4% digital return if both indexes finish above initial levels; par if worst performer declines, but not more than 30%; otherwise full exposure to losses of worst performer
|
| Initial levels: | 10,833.33 for Nasdaq, 3,236.92 for S&P
|
| Trigger levels: | 70% of initial levels
|
| Pricing date: | Sept. 23
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| Settlement date: | Sept. 28
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.725%
|
| Cusip: | 48132PAQ7
|
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