By Kiku Steinfeld
Chicago, Jan. 28 – JPMorgan Chase Financial Co. LLC priced $809,000 of 0% buffered digital notes due Dec. 1, 2022 linked to the performance of the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus a 5% digital return.
If the index declines up to 10%, the payout at maturity will be par. Otherwise, investors will lose 1% for each 1% decline beyond the 10% buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Buffered digital notes
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $809,000
|
| Maturity: | Dec. 1, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 5% digital return if the index finishes at or above initial level; if index declines by up to 10%, par; otherwise, 1% loss for each 1% decline beyond 10% buffer
|
| Initial level: | 35,213.12
|
| Buffer level: | 90% of initial level
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.8%
|
| Cusip: | 48132UK85
|
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