By Kiku Steinfeld
Chicago, April 19 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital contingent buffered notes due April 18, 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 15%, payout at maturity will be par plus 6.85%. Otherwise, investors will be exposed to the index’s decline from the 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: | $1 million
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| Maturity: | April 18, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 6.85% unless index falls by more than 15%, in which case full exposure to decline from the initial level
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| Initial level: | 3,958.55
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| Barrier level: | 85% of initial level
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| Final level: | Average of index closing levels for five trading days ending April 12, 2022
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| Pricing date: | March 31
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| Settlement date: | April 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132TQA7
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