Chicago, Sept. 1 – JPMorgan Chase Financial Co. LLC priced $3.25 million of 0% buffered digital notes due Aug. 31, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains or ends above its 10% buffer the payout at maturity will be par plus 14.6%. Investors will lose of any decline in the index beyond its buffer.
The notes are non-callable.
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: | Buffered digital notes
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| Underlying index: | S&P 500 index
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| Amount: | $3.25 million
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| Maturity: | Aug. 31, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains or declines but by no more than 10% buffer, par plus 14.6%; 1% loss for every 1% that index declines beyond the buffer
|
| Initial level: | 4,140.77
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| Buffer: | 10%
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| Call: | Non-callable
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| Strike date: | Aug. 24
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| Pricing date: | Aug. 25
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| Settlement date: | Aug. 29
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.1%
|
| Cusip: | 48133MUB4
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