By William Gullotti
Buffalo, N.Y., Feb. 20 – JPMorgan Chase Financial Co. LLC priced $6.44 million of 0% digital notes due March 19, 2025 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 15%, payout at maturity will be par plus 20.65%.
Otherwise, investors will lose 1.765% for each 1% decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Digital notes
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| Underlying commodity: | WTI Crude Oil Futures Contract
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| Amount: | $6.44 million
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| Maturity: | March 19, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 20.65% unless commodity falls by more than 15%, in which case 1.1765% loss for each 1% decline beyond 15%
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| Initial price level: | $76.84
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| Buffer level: | 85% of initial level
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| Pricing date: | Feb. 9
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| Settlement date: | Feb. 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.09%
|
| Cusip: | 48133W3K2
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