New York, July 7 – JPMorgan Chase Financial Co. LLC priced $2.65 million of 0% buffered digital notes due July 2, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 90% of initial level, the payout at maturity will be par plus 16%.
Investors will lose 1% for every 1% decline in the index beyond 10%.
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: | Buffered digital notes
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| Underlying index: | S&P 500 index
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| Amount: | $2,647,000
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| Maturity: | July 2, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains or declines by no more than 10%, par plus 16%; 1% loss for every 1% that index declines beyond the buffer
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| Initial level: | 3,900.11
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| Buffer: | 10%
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| Pricing date: | June 27
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| Settlement date: | June 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.8%
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| Cusip: | 48133GQQ9
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