Chicago, Oct. 25 – JPMorgan Chase Financial Co. LLC priced $794,000 of 0% buffered digital notes due May 26, 2023 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index is greater than or equal to its initial level, the payout at maturity will be par plus 8%. Investors will receive par if the index declines but not beyond the 10% buffer. Otherwise, investors will lose 1% for every 1% the index declines beyond its 10% buffer.
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: | $794,000
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| Maturity: | May 26, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 8% if index return is flat or positive; par if index declines but not beyond buffer; otherwise, 1% loss for each 1% decline beyond 10% buffer
|
| Initial level: | 33,131.76
|
| Buffer: | 10%
|
| Call: | Non-callable
|
| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.8%
|
| Cusip: | 48133C3P5
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