By William Gullotti
Buffalo, N.Y., March 20 – JPMorgan Chase Financial Co. LLC priced $3 million of 0% trigger in-digital notes due May 30, 2025 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 14.55%.
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: | $3 million
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Maturity: | May 30, 2025
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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 14.55%; otherwise, full exposure to decline from initial level
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Initial level: | $82.21
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Downside threshold: | $53.44; 65% of initial value
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Strike date: | March 11
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Pricing date: | March 12
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Settlement date: | March 15
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Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48131D334
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