By Kiku Steinfeld
Chicago, Dec. 23 – JPMorgan Chase Financial Co. LLC priced $1.85 million of 0% digital equity notes due Jan. 19, 2022 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 return is greater than or equal to negative 20%, the payout at maturity will be the threshold settlement amount of $1,059 per $1,000 of notes.
Otherwise, investors will lose 1.25% for every 1% index decline beyond the 20% buffer.
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 equity notes
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| Underlying index: | S&P 500 index
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| Amount: | $1.85 million
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| Maturity: | Jan. 19, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is greater than or equal to negative 20%, $1,059 per $1,000 of notes; otherwise, 1.25% loss for every 1% index decline beyond 20% buffer
|
| Initial level: | 3,647.49
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| Buffer level: | 80% of initial level
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| Pricing date: | Dec. 14
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| Settlement date: | Dec. 21
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.09%
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| Cusip: | 48132PL93
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