By Kiku Steinfeld
Chicago, July 19 – JPMorgan Chase Financial Co. LLC priced $414,000 of 0% buffered digital notes due March 31, 2023 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index ends at or above its initial level, the payout at maturity will be par plus 5.5%. If it loses value by no more than 10%, the payout at maturity will be par plus 5.5%. Investors will be exposed to any decline in the index beyond 10%.
The notes are non-callable.
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: | Buffered digital notes
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| Underlying index: | Dow Jones industrial average
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| Amount: | $414,000
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| Maturity: | March 31, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ends at or above its initial level, par plus 5.5%; if index declines but by no more than buffer, par;1% loss for every 1% that index declines beyond the buffer
|
| Initial level: | 36,398.21
|
| Buffer: | 10%
|
| Call: | Non-callable
|
| Pricing date: | Dec. 28
|
| Settlement date: | Dec. 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.8%
|
| Cusip: | 48132Y3N3
|
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