New York, June 21 – JPMorgan Chase Financial Co. LLC priced $2.6 million of 0% contingent digital buffered notes due June 29, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains or falls by no more than its 24% buffer the payout at maturity will be par plus 8%. Otherwise, investors will lose 1.31579% for every 1% decline beyond 24%.
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: | Contingent digital buffered notes
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| Underlying index: | S&P 500 index
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| Amount: | $2.6 million
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| Maturity: | June 29, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, or declines up to 24%, par plus 8%; 131.579% of index decline beyond the buffer
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| Initial level: | 3,749.63
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| Digital payment: | 8%
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| Buffer: | 24%
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| Downside leverage: | 131.579%
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| Strike date: | June 13
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| Pricing date: | June 14
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| Settlement date: | June 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48133G5D1
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