By Wendy Van Sickle
Columbus, Ohio, June 13 – JPMorgan Chase Financial Co. LLC priced $9.02 million of 0% digital equity notes due July 12, 2023 linked to the S&P Banks Select Industry 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 75% of initial level, the payout at maturity will be par plus 7.45%.
Otherwise, investors will lose 1.3333% for every 1% decline below 25%.
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: | Digital equity notes
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| Underlying index: | S&P Banks Select Industry index
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| Amount: | $9,015,000
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| Maturity: | July 12, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is greater than or equal to 75% of initial level, par plus 7.45%; otherwise, 1.3333% loss for every 1% decline below 25%
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| Initial level: | 1,068.38
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| Pricing date: | June 8
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| Settlement date: | June 15
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.93%
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| Cusip: | 48133GSQ7
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