By William Gullotti
Buffalo, N.Y., June 29 – JPMorgan Chase Financial Co. LLC priced $2.43 million of 0% digital equity notes due July 26, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above 90% of its initial level, the payout at maturity will be par plus 12.6%.
Otherwise, investors will lose 1.1111% for every 1% decline beyond 10%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| 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: | $2.43 million
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| Maturity: | July 26, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above buffer level, par plus 12.6%; otherwise, 1.1111% loss for every 1% decline beyond 10%
|
| Initial level: | 3,795.73
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| Buffer level: | 90% of initial level
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| Pricing date: | June 23
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| Settlement date: | June 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.09%
|
| Cusip: | 48133G7K3
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