By William Gullotti
Buffalo, N.Y., March 21 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% digital equity notes due July 19, 2023 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 82.5% of initial level, the payout at maturity will be par plus 8.68%.
Otherwise, investors will lose 1.2121% for every 1% decline below 17.5%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| 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: | $2 million
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| Maturity: | July 19, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above 82.5% of initial level, par plus 8.68%; otherwise, 1.2121% loss for every 1% decline below 17.5%
|
| Initial level: | 4,357.86
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| Buffer level: | 82.5% of initial level
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| Pricing date: | March 16
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| Settlement date: | March 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.33%
|
| Cusip: | 48133DUD0
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