By William Gullotti
Buffalo, N.Y., July 18 – JPMorgan Chase Financial Co. LLC priced $3.25 million of 0% digital contingent buffered notes due July 22, 2024 linked to the performance of a WTI Crude Oil Futures Contract, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the commodity gains, finishes flat or falls by up to 34.7%, payout at maturity will be par plus 15%.
Otherwise, investors will be exposed to the commodity’s decline from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Digital contingent buffered notes
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| Underlying commodity: | WTI Crude Oil Futures Contract
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| Amount: | $3.25 million
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| Maturity: | July 22, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 15% unless commodity falls by more than 34.7%, in which case full exposure to decline from the initial level
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| Initial price level: | $69.86
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| Barrier level: | 65.3% of initial level
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| Strike date: | June 29
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| Pricing date: | June 30
|
| Settlement date: | July 6
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48133WE61
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