By Kiku Steinfeld
Chicago, March 28 – JPMorgan Chase Financial Co. LLC priced $1.24 million of 0% digital notes due Oct. 26, 2022 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if any index closes below its trigger value, 70% of its initial level, on any day during the life of the notes.
If a trigger event has not occurred, the payout at maturity will be par plus 8.75%.
If a trigger event has occurred and the final level of each index is greater than or equal to its initial level, the payout will be par.
If a trigger event has occurred and the final level of any index is less than its initial level, investors will be exposed to the decline of the least-performing index.
The notes are guaranteed by JPMorgan Chase & Co.
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 notes
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| Underlying indexes: | Russell 2000, S&P 500 and Dow Jones industrial average
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| Amount: | $1.24 million
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| Maturity: | Oct. 26, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If trigger event has not occurred, par plus 8.75%; if trigger event has occurred and final level of each index is greater than or equal to initial level, par; if trigger event has occurred and final level of any index is less than initial level, exposure to decline of least-performing index
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| Initial levels: | 4,354.19 for S&P, 2,186.183 for Russell and 33,919.84 for Dow
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| Trigger values: | 3,047.933 for S&P, 1,530.3281for Russell and 23,743.888 for Dow, or 70% of initial levels
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| Pricing date: | Sept. 21
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| Settlement date: | Sept. 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48132WVS5
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