By Marisa Wong
Morgantown, W.Va., April 13 – JPMorgan Chase Financial Co. LLC priced $3.77 million of 0% contingent buffered digital notes due Oct. 1, 2020 linked to the Bloomberg Commodity index, the SPDR Gold Trust and the iShares Silver Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final value of each asset is greater than or equal to its initial value, the payout at maturity will be par plus 44%.
If the final value of any asset is less than its initial value but no asset falls by more than 20%, the payout will be par.
If any asset falls by more than 20%, investors will be fully exposed to the least-performing asset’s decline from its initial value.
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 buffered digital notes
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| Underlying assets: | Bloomberg Commodity index, the SPDR Gold Trust and the iShares Silver Trust
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| Amount: | $3,765,000
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| Maturity: | Oct. 1, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final value of each asset is greater than or equal to its initial value, par plus 44%; if the final value of any asset is less than its initial value but none fall by more than 20%, par; otherwise, investors will be fully exposed to the least-performing asset’s decline from its initial value
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| Initial values: | 87.2580 for index, $127.49 for gold ETF and $15.57 for silver ETF
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| Pricing date: | March 27
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| Settlement date: | March 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.8%
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| Cusip: | 46647MQZ9
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