By Wendy Van Sickle
Columbus, Ohio, Aug. 24 – JPMorgan Chase Financial Co. LLC priced $20.15 million of 0% digital notes due Sept. 25, 2019 linked to the S&P GSCI Industrial Metals Index Excess Return, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes at or above its 90% buffer level, the payout at maturity will be the threshold settlement amount, $1,073.50 for each $1,000 principal amount.
Otherwise, investors lose 1.1111% for each 1% decline beyond the 10% buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Digital notes
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| Underlying asset: | S&P GSCI Industrial Metals Index Excess Return
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| Amount: | $20.15 million
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| Maturity: | Sept. 9, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above 90% buffer level, par plus 7.35%; otherwise, 1.1111% loss for each 1% decline beyond 10%
|
| Initial level: | 179.0601
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| Pricing date: | Aug. 21
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| Settlement date: | Aug. 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.95%
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| Cusip: | 48130UNR2
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