New York, March 8 – JPMorgan Chase Financial Co. LLC priced $1.05 million of 0% digital buffered notes due March 12, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 7.35% if the index finishes at or above 85% of initial level.
Otherwise, investors will lose 1.17647% for each 1% that the index declines beyond 15%.
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: | Digital buffered notes
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| Underlying index: | S&P 500 index
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| Amount: | $1,051,000
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| Maturity: | March 12, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 7.35% if index finishes at or above 85% of initial level; otherwise, lose 1.17647% for each 1% that the index declines beyond 15%
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| Initial level: | 5,088.80
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| Digital payment: | 7.35%
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| Buffer: | 15%
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| Downside leverage: | 117.647%
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48134WC39
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