By Marisa Wong
Morgantown, W.Va., Dec. 8 – JPMorgan Chase Financial Co. LLC priced $2.16 million of 0% contingent buffered digital notes due Nov. 30, 2023 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 final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 53%.
If the final index level is less than the initial index level by no more than 30%, the payout will be par.
Otherwise, investors will be fully exposed to the index’s decline from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Contingent buffered digital notes
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| Underlying index: | S&P 500
|
| Amount: | $2,157,000
|
| Maturity: | Nov. 30, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes flat or gains, par plus 53%; par if index falls by up to 30%; otherwise, full exposure to index’s decline from initial level
|
| Initial index level: | 2,601.42
|
| Pricing date: | Nov. 27
|
| Settlement date: | Nov. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48129HQR1
|
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