By William Gullotti
Buffalo, N.Y., July 18 – JPMorgan Chase Financial Co. LLC priced $1.7 million of 0% bearish digital barrier notes due April 16, 2024 based on the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or below initial level, the payout at maturity will be par plus 21.5%.
Investors will receive par if the index gains no more than 15% and lose 1% for each 1% gain if it finishes above its 115% barrier level.
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: | Bearish digital barrier notes
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| Underlying index: | S&P 500 index
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| Amount: | $1.7 million
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| Maturity: | April 16, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or below initial level, par plus 21.5%; if the index gains no more than 15%, par; otherwise, 1% loss for each 1% gain from initial level
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| Initial level: | 4,439.26
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| Barrier level: | 5,105.149; 115% of initial level
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| Pricing date: | July 11
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| Settlement date: | July 14
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.25%
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| Cusip: | 48133YFD1
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