By William Gullotti
Buffalo, N.Y., Sept. 8 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped buffered digital notes due Sept. 4, 2026 linked to the performance of the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 114% of its initial level, the payout at maturity will be par plus a 14% digital return and then a 1.65% gain for each 1% increase past 114%, capped at par plus 50%.
The payout will be par plus the 14% digital return if the index finishes between its initial level and 114% of its initial level.
Investors will receive par if the index declines by no more than 15% and will lose 1% for each 1% decline beyond 15%.
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: | Capped buffered digital notes
|
| Underlying index: | S&P MidCap 400 index
|
| Amount: | $1 million
|
| Maturity: | Sept. 4, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above 114% of initial level, par plus 14% plus 1.65% gain for each 1% increase beyond 114%, subject to a maximum payout of par plus 50%; par plus 14% if index finishes between initial level and 114% of initial level; par if index declines but finishes at or above buffer level; otherwise, 1% loss for every 1% decline beyond 15%
|
| Initial level: | 2,669.68
|
| Buffer level: | 85% of initial level
|
| Pricing date: | Sept. 1
|
| Settlement date: | Sept. 7
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.45%
|
| Cusip: | 48134AAY1
|
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