By Marisa Wong
Los Angeles, June 21 – JPMorgan Chase Financial Co. LLC priced $1.33 million of 0% buffered digital notes due June 30, 2022 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial level, the payout at maturity will be par plus 6.6%.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% index decline beyond the 10% buffer.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Buffered digital notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $1,326,000
|
| Maturity: | June 30, 2022
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If the index finishes flat or gains, par plus 6.6%; if index falls by up to 10%, par; otherwise, 1% loss for every 1% index decline beyond the 10% buffer
|
| Initial value: | 33,072.88
|
| Pricing date: | March 26
|
| Settlement date: | March 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.8%
|
| Cusip: | 48132RJ43
|
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