By William Gullotti
Buffalo, N.Y., Oct. 16 – JPMorgan Chase Financial Co. LLC priced $2.55 million of 0% digital buffered notes due Oct. 31, 2024 linked to 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 finishes at or above its buffer level, 66.7% of initial level, the payout at maturity will be par plus 12%.
Otherwise, investors will lose 1.49925% for every 1% of decline in commodity price beyond 33.3%.
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: | $2.55 million
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| Maturity: | Oct. 31, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If commodity finishes at or above buffer level, par plus 12%; otherwise, 1.49925% loss for every 1% commodity decline beyond buffer
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| Initial level: | $84.07
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| Buffer level: | 66.7% of initial level
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| Strike date: | Oct. 5
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| Pricing date: | Oct. 6
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| Settlement date: | Oct. 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133WS90
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