By William Gullotti
Buffalo, N.Y., April 11 – JPMorgan Chase Financial Co. LLC priced $4.05 million of 0% trigger in-digital notes due April 12, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its 75% downside threshold, the payout at maturity will be par plus 9.45%.
If the index declines more than 25%, investors will lose 1% for every 1% of the index’s decline from its initial level.
The notes will be guaranteed by JPMorgan Chase & Co.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger in-digital notes
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| Underlying index: | S&P 500 index
|
| Amount: | $4.05 million
|
| Maturity: | April 12, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes at or above its downside threshold, par plus 9.45%; otherwise, full exposure to index decline from initial level
|
| Initial value: | 3,971.27
|
| Downside threshold: | 2,978.45; 75% of initial value
|
| Strike date: | March 28
|
| Pricing date: | March 29
|
| Settlement date: | March 31
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48130Y750
|
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