By Sarah Lizee
Olympia, Wash., April 27 – JPMorgan Chase Financial Co. LLC priced $1.25 million of 0% contingent buffered digital notes due April 26, 2021 linked to the least performing of the S&P 500 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above 60% of its initial level, the payout at maturity will be par plus the contingent digital return of 7.15%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Contingent buffered digital notes
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| Underlying indexes: | S&P 500 and Dow Jones industrial average
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| Amount: | $1.25 million
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| Maturity: | April 26, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above 60% of its initial level, par plus 7.15%; otherwise, 1% loss per 1% drop of worse performing index
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| Initial levels: | 23,650.44 for Dow and 2,823.16 for S&P
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| Contingent buffers: | 60% of initial levels
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| Pricing date: | April 20
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| Settlement date: | April 23
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48132KVE2
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