By William Gullotti
Buffalo, N.Y., July 14 – JPMorgan Chase Financial Co. LLC priced $5.53 million of 0% digital contingent buffered notes due July 31, 2023 linked to the performance of a Brent Crude Oil Futures Contract, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the commodity gains, finishes flat or falls by up to 37.3%, payout at maturity will be par plus 19.5%. Otherwise, investors will lose 1.5949% for every 1% decline below 37.3%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Digital contingent buffered notes
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| Underlying commodity: | Brent Crude Oil Futures Contract
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| Amount: | $5.53 million
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| Maturity: | July 31, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 19.5% unless commodity falls by more than 37.3%, in which case 1.5949% loss for each 1% drop beyond 37.3%
|
| Initial price level: | $104.65
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| Barrier level: | 62.7% of initial level
|
| Strike date: | July 7
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| Pricing date: | July 8
|
| Settlement date: | July 13
|
| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
|
| Cusip: | 48133DL57
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