By William Gullotti
Buffalo, N.Y., May 13 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% contingent digital buffered notes due May 26, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index gains, finishes flat or falls by up to 13.5%, payout at maturity will be par plus 6.4%. Otherwise, investors will lose 1.15607% for each 1% decline beyond the 13.5% buffer.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Contingent digital buffered notes
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| Underlying index: | S&P 500 index
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| Amount: | $1 million
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| Maturity: | May 26, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 6.4% unless index falls by more than 13.5%, in which case 1.15607% loss for each 1% decline beyond the 13.5% buffer
|
| Initial level: | 4,001.05
|
| Barrier level: | 86.5% of initial level
|
| Strike date: | May 10
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| Pricing date: | May 11
|
| Settlement date: | May 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133GBZ5
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