By William Gullotti
Buffalo, N.Y., June 21 – JPMorgan Chase Financial Co. LLC priced $16.56 million of 0% trigger in-digital notes due July 31, 2024 linked to a Brent Crude Oil Futures Contract, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity finishes at or above its 60% downside threshold, the payout at maturity will be par plus 12%.
Otherwise, investors will lose 1% for every 1% that the commodity declines from its initial level.
The notes will be guaranteed by JPMorgan Chase & Co.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger in-digital notes
|
| Underlying commodity: | Brent Crude Oil Futures Contract
|
| Amount: | $16,556,600
|
| Maturity: | July 31, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the commodity finishes at or above its downside threshold, par plus 12%; otherwise, full exposure to decline from initial level
|
| Initial level: | $75.67
|
| Downside threshold: | $45.40; 60% of initial value
|
| Pricing date: | June 15
|
| Settlement date: | June 21
|
| Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
|
| Fees: | 2%
|
| Cusip: | 48130Y578
|
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