By William Gullotti
Buffalo, N.Y., Sept. 28 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital equity notes due April 10, 2025 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% threshold level, the payout at maturity will be par plus 26.65%.
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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Digital equity notes
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| Underlying index: | S&P 500 index
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| Amount: | $1 million
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| Maturity: | April 10, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above threshold level, par plus 26.65%; otherwise, investors will be fully exposed to the index’s decline
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| Initial level: | 3,789.93
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| Threshold level: | 80% of initial level
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| Pricing date: | Sept. 21
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| Settlement date: | Sept. 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.51%
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| Cusip: | 48133DDG2
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