By William Gullotti
Buffalo, N.Y., March 19 – JPMorgan Chase Financial Co. LLC priced $1.6 million of 0% buffered digital notes due Feb. 21, 2025 linked to the one-year U.S. Dollar SOFR ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
If the rate finishes at or above 55% of its initial level, the payout at maturity will be par plus a 13% digital return.
Otherwise, investors will lose 1.81818% for each 1% decline beyond 45%.
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: | Buffered digital notes
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| Underlying rate: | One-year U.S. Dollar SOFR ICE swap rate
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| Amount: | $1.6 million
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| Maturity: | Feb. 21, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 13% digital return if the rate finishes at or above buffer level; otherwise, 1.81818% loss for each 1% decline beyond 45%
|
| Initial level: | 4.911%
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| Buffer level: | 55% of initial level
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| Strike date: | Feb. 5
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| Pricing date: | Feb. 6
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| Settlement date: | Feb. 9
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133W3L0
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