By William Gullotti
Buffalo, N.Y., Aug. 24 – JPMorgan Chase Financial Co. LLC priced $12.6 million of 0% trigger in-digital notes due Sept. 7, 2023 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 70% downside threshold, the payout at maturity will be par plus 8.35%.
If the index declines more than 30%, 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 in-digital notes
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| Underlying index: | S&P 500 index
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| Amount: | $12.6 million
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| Maturity: | Sept. 7, 2023
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | If the index finishes at or above its downside threshold, par plus 8.35%; otherwise, full exposure to index decline from initial level
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| Initial value: | 4,228.48
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| Downside threshold: | 2,959.94; 70% of initial value
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| Pricing date: | Aug. 19
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| Settlement date: | Aug. 24
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| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 1%
|
| Cusip: | 48133H374
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