By William Gullotti
Buffalo, N.Y., May 24 – JPMorgan Chase Financial Co. LLC priced $6.08 million of 0% digital equity notes due July 11, 2025 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 finishes at or above 82.5% of initial level, the payout at maturity will be par plus 20.65%.
Otherwise, investors will lose 1.2121% for every 1% that the index declines beyond 17.5%.
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: | Digital equity notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $6.08 million
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Maturity: | July 11, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above 82.5% of initial level, par plus 20.65%; otherwise, 1.2121% loss for every 1% decline beyond 17.5%
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Initial level: | 4,367.45
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Buffer level: | 82.5% of initial level
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Pricing date: | May 18
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Settlement date: | May 25
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48133WPN2
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