By Wendy Van Sickle
Columbus, Ohio, July 15 – JPMorgan Chase Financial Co. LLC priced $2.08 million of 0% digital 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 36.15%, payout at maturity will be par plus 19.5%. Otherwise, investors will lose 1.56617% for every 1% decline below 36.15%.
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 buffered notes
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| Underlying commodity: | Brent Crude Oil Futures Contract
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| Amount: | $2.08 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 36.15%, in which case 1.56617% loss for each 1% drop beyond 36.15%
|
| Initial price level: | $107.02
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| Buffer level: | 63.85% of initial level
|
| Strike date: | July 8
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| Pricing date: | July 11
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| Settlement date: | July 14
|
| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
|
| Cusip: | 48133DL81
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