By William Gullotti
Buffalo, N.Y., June 7 – JPMorgan Chase Financial Co. LLC priced $7.87 million of 0% digital equity notes due Aug. 23, 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 finishes at or above 85% of initial level, the payout at maturity will be par plus 11.7%.
Otherwise, investors will lose 1.1765% for every 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 equity notes
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| Underlying index: | S&P 500 index
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| Amount: | $7.87 million
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| Maturity: | Aug. 23, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above trigger level, par plus 11.7%; otherwise, lose 1.1765% for every 1% decline beyond 15%
|
| Initial level: | 4,101.23
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| Trigger level: | 85% of initial level
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| Pricing date: | June 1
|
| Settlement date: | June 8
|
| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48133GMH3
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