By William Gullotti
Buffalo, N.Y., Dec. 9 – JPMorgan Chase Financial Co. LLC priced $1.67 million of 0% digital contingent buffered notes due Dec. 27, 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 50%, payout at maturity will be par plus 12.8%. Otherwise, investors will be exposed to the commodity’s decline from its initial level.
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 Contract
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| Amount: | $1.67 million
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| Maturity: | Dec. 27, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 12.8% unless commodity falls by more than 50%, in which case full exposure to decline from the initial level
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| Initial price level: | $85.57
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| Barrier level: | 50% of initial level
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| Pricing date: | Dec. 2
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| Settlement date: | Dec. 7
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133PCH4
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