By Wendy Van Sickle
Columbus, Ohio, Feb. 10 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% buffered digital notes due May 7, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level or is less than the initial index level by up to 12.35%, the payout at maturity will be par plus 7.5%.
If the final index level is less than the initial index level by more than 12.35%, investors will lose 1% for every 1% that the index declines beyond 12.35%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Buffered digital notes
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| Underlying index: | S&P 500
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| Amount: | $500,000
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| Maturity: | May 7, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than or equal to initial index level or is less than initial index level by up to 12.35%, par plus 7.5%; otherwise, 1% loss for every 1% that index declines beyond 12.35%
|
| Initial level: | 3,225.52
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| Pricing date: | Feb. 5
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| Settlement date: | Feb. 10
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
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| Cusip: | 48132H5F5
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