By Taylor Fox
New York, Feb. 8 – JPMorgan Chase Financial Co. LLC priced $1.25 million of 0% contingent digital buffered notes due March 9, 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 gains, finishes flat or falls by up to 10%, the payout at maturity will be par plus 8.05%.
Otherwise, investors will lose 1.11111% for every 1% index decline beyond the buffer.
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: | $1,250,000
|
| Maturity: | March 9, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 8.05% unless index falls by more than 10%, in which case 1.11111% loss for every 1% decline beyond buffer
|
| Initial level: | 3,726.86
|
| Final level: | Average of index closing level for five trading days ending March 4, 2022
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Jan. 6
|
| Settlement date: | Jan. 11
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.08%
|
| Cusip: | 48132RGN4
|
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