Chicago, Oct. 24 – JPMorgan Chase Financial Co. LLC priced $15.65 million of 0% digital equity notes due Nov. 20, 2024 linked to the S&P Banks Select Industry 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 above 70% of initial level, the payout at maturity will be par plus 8.54%.
Otherwise, investors will lose 1.4286% for every 1% decline beyond 30%.
J.P. Morgan Securities LLC is the agent. Simon Markets LLC is also named as a dealer.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Digital equity notes
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| Underlying index: | S&P Banks Select Industry index
|
| Amount: | $15,650,000
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| Maturity: | Nov. 20, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index return is greater than or equal to 70% of initial level, par plus 8.54%; otherwise, 1.4286% loss for every 1% decline beyond 30%
|
| Initial level: | 808.53
|
| Buffer level: | 70% of initial level
|
| Pricing date: | Oct. 18
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| Settlement date: | Oct. 25
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.08%
|
| Cusip: | 48134BRH8
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