By Taylor Fox
New York, Oct. 16 – JPMorgan Chase Financial Co. LLC priced $5 million of 0% capped digital buffered equity notes due Sept. 19, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout will be the greater of $1,050 per $1,000 face amount of notes or par plus the return of the index, but capped at a maximum settlement amount of $1,336.50 per $1,000 of notes.
If the index declines, but not more than 10%, investors will receive par.
Otherwise, investors will lose 1.1111% for every 1% the final index level declines 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped digital buffered equity notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $5,004,000
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| Maturity: | Sept. 19, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level is above initial level, greater of digital settlement amount of $1,050 or par plus return of index, capped at $1,336.50 per $1,000 face amount of notes; par if index declines up to 10%; 1.1111% for every 1% loss beyond 10% buffer
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| Initial level: | 3,332.26
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| Buffer level: | 90% of initial level
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| Pricing date: | Sept. 15
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| Settlement date: | Sept. 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48132PAA2
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