By Sarah Lizee
Olympia, Wash., July 16 – JPMorgan Chase Financial Co. LLC priced $2.36 million of 0% digital equity notes due March 24, 2021 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 return is greater than or equal to negative 10%, the payout at maturity will be the threshold settlement amount of $1,120 per $1,000 of notes.
Otherwise, investors will lose 1.1111% for every 1% index decline beyond 10%.
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 equity notes
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Underlying index: | S&P 500 index
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Amount: | $2,364,000
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Maturity: | March 24, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is greater than or equal to negative 10%, par plus 12%; otherwise, 1.1111% loss for every 1% index decline beyond 10%
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Initial level: | 3,013.77
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Pricing date: | July 12
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Settlement date: | July 19
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132C4C4
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