New York, April 24 – JPMorgan Chase Financial Co. LLC priced $13.25 million of 0% digital buffered notes due May 5, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 8.02% if the index gains or declines by no more than its 15% buffer.
Otherwise the payout will be par less 117.647% of the decline of the index beyond the 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 buffered notes
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| Underlying index: | S&P 500 index
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| Amount: | $13.25 million
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| Maturity: | May 5, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 8.02% if index gains or declines by no more than its 15% buffer; otherwise par less 117.647% of the decline of index beyond its buffer
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| Initial level: | 5,022.21
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| Digital payment: | 8.02%
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| Buffer: | 15%
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| Downside leverage: | 117.647%
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| Pricing date: | April 18
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| Settlement date: | April 23
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48134XU78
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