By Wendy Van Sickle
Columbus, Ohio, May 31 – JPMorgan Chase Financial Co. LLC priced $38.86 million of 0% buffered digital notes due May 20, 2024 linked to the performance of a WTI Crude Oil Futures Contract, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity finishes at or above 80% of its initial level, the payout at maturity will be par plus a 20.15% digital return.
Otherwise, investors will lose 1.25% for each 1% decline beyond 20%.
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: | Buffered digital notes
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| Underlying commodity: | WTI Crude Oil Futures Contract
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| Amount: | $38.86 million
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| Maturity: | May 20, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 20.15% digital return if the commodity finishes at or above 80% of initial level; otherwise, 1.25% loss for each 1% decline beyond 20%
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| Initial level: | $68.56
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| Buffer level: | 80% of initial level
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| Pricing date: | May 4
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| Settlement date: | May 11
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.09%
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| Cusip: | 48133U6Q0
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