New York, July 28 – JPMorgan Chase Financial Co. LLC priced $2.66 million of 0% digital contingent buffered notes due Aug. 20, 2024 linked to the West Texas Intermediate Light Sweet Crude Oil Futures Contracts, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity gains or falls by no more than its 32.8% buffer the payout at maturity will be par plus 15%. The payout will be par less the decline in the commodity if it finishes below the contingent buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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 contingent buffered notes
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| Underlying commodity: | West Texas Intermediate Light Sweet Crude Oil Futures Contracts
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| Amount: | $2.66 million
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| Maturity: | Aug. 20, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If commodity gains or declines but by no more than 32.8% buffer, par plus 15%; full exposure to the decline of commodity if it finishes below the contingent buffer
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| Initial level: | $77.07
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| Digital payment: | 15%
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| Contingent buffer: | 32.8%
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| Pricing date: | July 21
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| Settlement date: | July 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133WG85
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