By Taylor Fox
New York, Nov. 23 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% contingent buffered digital notes due Feb. 10, 2022 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 above 70% of their initial levels, the payout at maturity will be par plus a 10.25% digital return.
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.
|
| Issue: | Contingent buffered digital notes
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| Underlying indexes: | Nasdaq-100 and S&P 500
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| Amount: | $500,000
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| Maturity: | Feb. 10, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 10.25% digital return if both indexes finish above 70% of initial levels otherwise full exposure to losses of worst performer
|
| Initial levels: | 12,091.35 for Nasdaq, 3,509.44 for S&P
|
| Buffer levels: | 70% of initial levels
|
| Pricing date: | Nov. 6
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| Settlement date: | Nov. 12
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 48132PTS3
|
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