By Marisa Wong
Los Angeles, May 27 – JPMorgan Chase Financial Co. LLC priced $904,000 of 0% digital equity notes due July 13, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is greater than or equal to negative 15%, the payout at maturity will be the threshold settlement amount of $1,155 per $1,000 of notes.
Otherwise, investors will lose 1.1765% for every 1% index decline beyond 15%.
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 equity notes
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Underlying index: | S&P 500 index
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Amount: | $904,000
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Maturity: | July 13, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is greater than or equal to negative 15%, par plus 15.5%; otherwise, 1.1765% loss for every 1% index decline beyond 15%
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Initial level: | 2,810.55
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Pricing date: | May 13
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Settlement date: | May 20
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132K6M2
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