New York, April 15 – JPMorgan Chase Financial Co. LLC priced $2.82 million of 0% contingent digital buffered notes due April 15, 2025 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 9.13%.
Investors will receive par if the index falls by no more than 15% and 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: | Contingent digital buffered notes
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| Underlying index: | S&P 500 index
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| Amount: | $2.82 million
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| Maturity: | April 15, 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 initial level, par plus 9.13%; par if index falls by no more than 15%; otherwise, lose 1.17647% for each 1% that the index declines beyond 15%
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| Initial level: | 5,254.35
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| Digital payment: | 9.13%
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| Buffer: | 15%
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| Downside leverage: | 117.647%
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| Pricing date: | March 28
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| Settlement date: | April 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48134XMH5
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