Chicago, Jan. 26 – JPMorgan Chase Financial Co. LLC priced $250,000 of 0% digital barrier notes due Sept. 30, 2022 linked to the least performing of the VanEck Vectors Gold Miners ETF and the Global X Silver Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the least performing ETF finishes at or above its initial level, the payout at maturity will be par plus 17.3%.
If the worst performer falls but finishes at or above 70% of its initial level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the least performer from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital barrier notes
|
| Underlying ETFs: | VanEck Vectors Gold Miners ETF and Global X Silver Miners ETF
|
| Amount: | $250,000
|
| Maturity: | Sept. 30, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the lesser performing ETF finishes at or above initial level, par plus 17.3%; if any index falls below its initial level but finishes at or above its 70% barrier level, par; otherwise, full exposure to the decline of the worst performer from its initial level
|
| Initial levels: | $32.61 for gold, $40.20 for silver
|
| Barrier levels: | $22.827 for gold, $28.14 for silver, 70% of initial levels
|
| Pricing date: | Aug. 27
|
| Settlement date: | Sept. 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 4%
|
| Cusip: | 48132WJE0
|
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