By Angela McDaniels
Tacoma, Wash., Oct. 4 – JPMorgan Chase Financial Co. LLC priced $1.37 million of 0% buffered digital notes due Sept. 30, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level or is less than the initial index level by up to 10%, the payout at maturity will be par plus 10.35%.
If the final index level is less than the initial index level by more than 10%, investors will lose 1% for every 1% that the index declines beyond 10%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Buffered digital notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,374,000
|
| Maturity: | Sept. 30, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than or equal to initial index level or is less than initial index level by up to 10%, par plus 10.35%; otherwise, 1% loss for every 1% that index declines beyond 10%
|
| Initial level: | 2,984.87
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.8%
|
| Cusip: | 48132FKH8
|
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