By Wendy Van Sickle
Columbus, Ohio, Dec. 31 – JPMorgan Chase Financial Co. LLC priced $5.44 million of 0% digital equity notes due Feb. 21, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is greater than or equal to negative 12.5%, the payout at maturity will be the threshold settlement amount of $1,162 per $1,000 principal amount of notes.
Otherwise, investors will lose 1.1429% for every 1% index decline beyond 12.5%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital equity notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $5,436,000
|
| Maturity: | Feb. 21, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than or equal to negative 12.5%, par plus 12.75%; otherwise, 1.1429% loss for every 1% index decline beyond buffer
|
| Initial level: | 4,201.87
|
| Buffer level: | 87.5% of initial level
|
| Pricing date: | Dec. 16
|
| Settlement date: | Dec. 23
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132YY33
|
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