Chicago, Aug. 29 – JPMorgan Chase Financial Co. LLC priced $4.6 million of 0% digital contingent buffered notes due Jan. 31, 2023 linked to the first nearby month futures contract for Brent crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity gains or falls by no more than 42.3%, the payout at maturity will be par plus 12%. Otherwise, investors will be fully exposed to the loss.
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: | Digital contingent buffered notes
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| Underlying commodity: | Brent crude oil futures contracts
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| Amount: | $4.6 million
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| Maturity: | Jan. 31, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If commodity gains or declines but by no more than barrier, par plus 12%; full exposure to the decline of commodity if it finishes below the barrier
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| Initial level: | $88.38
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| Digital payment: | 12%
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| Barrier level: | 57.7%
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| Strike date: | Jan. 20
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| Pricing date: | Jan. 21
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| Settlement date: | Jan. 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
|
| Cusip: | 48130UA21
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