By William Gullotti
Buffalo, N.Y., Aug. 9 – JPMorgan Chase Financial Co. LLC priced $5 million of 0% trigger in-digital notes due Aug. 30, 2024 linked to a Brent Crude Oil Futures Contract, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity finishes at or above its 65% downside threshold, the payout at maturity will be par plus 13.65%.
Otherwise, investors will lose 1% for every 1% that the commodity declines from its initial level.
The notes will be guaranteed by JPMorgan Chase & Co.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger in-digital notes
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| Underlying commodity: | Brent Crude Oil Futures Contract
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| Amount: | $5 million
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| Maturity: | Aug. 30, 2024
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the commodity finishes at or above its downside threshold, par plus 13.65%; otherwise, full exposure to decline from initial level
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| Initial level: | $84.24
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| Downside threshold: | $54.76; 65% of initial value
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| Pricing date: | July 27
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| Settlement date: | July 31
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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| Fees: | 1%
|
| Cusip: | 48131C435
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