By Wendy Van Sickle
Columbus, Ohio, Feb. 5 – JPMorgan Chase Financial Co. LLC priced $14.87 million of 0% digital equity notes due March 4, 2025 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF finishes at or above its 87.5% buffer level, the payout at maturity will par plus 12.02%.
Otherwise, investors will lose 1.1429% for every 1% decline beyond 12.5%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Digital equity notes
|
| Underlying fund: | Energy Select Sector SPDR Fund
|
| Amount: | $14,866,000
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| Maturity: | March 4, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF finishes at or above buffer level, par plus 12.02%; otherwise, 1.1429% loss for every 1% ETF decline below buffer
|
| Initial level: | $85.00
|
| Buffer level: | 87.5% of initial level
|
| Pricing date: | Jan. 30
|
| Settlement date: | Feb. 6
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.93%
|
| Cusip: | 48134TM68
|
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