By William Gullotti
Buffalo, N.Y., June 29 – JPMorgan Chase Financial Co. LLC priced $3.2 million of 0% trigger digital notes due June 25, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 54.65%.
If the index falls by up to the 25%, the payout will be par.
If the index finishes below the 75% downside threshold, investors will lose 1% for every 1% of the index’s decline from its initial level.
The notes will be guaranteed by JPMorgan Chase & Co.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger digital notes
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| Underlying index: | S&P 500 index
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| Amount: | $3.2 million
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| Maturity: | June 25, 2026
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the index finishes at or above its initial level, par plus 54.65%; if index falls by up to the 25%, par; otherwise, full exposure to index decline from initial level
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| Initial value: | 1,016.98
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| Downside threshold: | 762.735; 75% of initial value
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| Pricing date: | June 21
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| Settlement date: | June 24
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 3%
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| Cusip: | 48133E488
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