By William Gullotti
Buffalo, N.Y., June 21 – JPMorgan Chase Financial Co. LLC priced $8.36 million of 0% digital contingent buffered notes due June 29, 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 its 80% barrier level, the payout at maturity will be par plus 11.55%.
Otherwise, investors will lose 1% for every 1% of index decline from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| 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: | $8.36 million
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| Maturity: | June 29, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 11.55% unless index falls by more than 20%, in which case full exposure to decline from the initial level
|
| Initial level: | 3,749.63
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| Barrier level: | 80% of initial level
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| Strike date: | June 13
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| Pricing date: | June 14
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| Settlement date: | June 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
|
| Cusip: | 48133G3Z4
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