By Sarah Lizee
Olympia, Wash., Nov. 4 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% bearish buffered digital return notes due Nov. 2, 2021 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 below its initial level, the payout at maturity will be par plus 12%.
If the index gains by up to its 116.5% buffer level, the payout will be par.
Otherwise, investors will lose 1% for each 1% gain beyond 16.5%.
J.P. Morgan Securities LLC is the underwriter.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Bearish buffered digital return notes
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| Underlying index: | S&P 500
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| Amount: | $1 million
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| Maturity: | Nov. 2, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index falls, par plus 12%; if index gains by up 16.5%, par; otherwise, 1% loss per 1% gain beyond 16.5%
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| Initial level: | 3,039.42
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| Pricing date: | Oct. 28
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| Settlement date: | Oct. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48132F3C8
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