By Kiku Steinfeld
Chicago, Sept. 25 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% contingent digital buffered notes due Oct. 19, 2021 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than or equal to the initial index level or is less than the initial index level by up to 20%, the payout at maturity will be par plus 7.25%.
If the final index level is less than the initial index level by more than 20%, investors will lose 1.25% for every 1% that the index declines beyond 20%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase Financial Co. LLC
|
Guarantor: | JPMorgan Chase & Co.
|
Issue: | Contingent digital buffered notes
|
Underlying index: | Nasdaq-100
|
Amount: | $500,000
|
Maturity: | Oct. 19, 2021
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If final index level is at least 80% of initial level, par plus 7.25%; otherwise, 1.25% loss for each 1% loss beyond 20%
|
Initial level: | 11,080.95
|
Buffer level: | 80% of initial level
|
Final price: | Average of closing share prices on five trading days ending Oct. 14, 2021
|
Strike date: | Sept. 17
|
Pricing date: | Sept. 18
|
Settlement date: | Sept. 23
|
Agent: | J.P. Morgan Securities LLC
|
Fees: | 0.7%
|
Cusip: | 48132PDJ0
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.