Chicago, Feb. 9 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% buffered digital notes due April 19, 2024 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 finishes at or above its initial level, the payout at maturity will be par plus 16.5%.
If the index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% index decline beyond the 15% buffer.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Buffered digital notes
|
| Underlying index: | S&P 500
|
| Amount: | $500,000
|
| Maturity: | April 19, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes flat or gains, par plus 16.5%; if index falls by up to 15%, par; otherwise, 1% loss for every 1% index decline beyond the 15% buffer
|
| Initial value: | 4,185.47
|
| Buffer value: | 85% of initial level
|
| Pricing date: | April 16
|
| Settlement date: | April 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.85%
|
| Cusip: | 48132TVC7
|
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