By William Gullotti
Buffalo, N.Y., Oct. 20 – JPMorgan Chase Financial Co. LLC priced $5.38 million of 0% digital equity notes due April 16, 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 its initial level, the payout at maturity will be the greater of par plus 22.48% and par plus the index return.
Investors will be fully exposed to any index decline.
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: | $5,375,000
|
| Maturity: | April 16, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above initial level, the greater of par plus 22.48% and par plus the index return; otherwise, 1% loss for every 1% decline from initial level
|
| Initial level: | 4,136.12
|
| Pricing date: | Oct. 13
|
| Settlement date: | Oct. 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.51%
|
| Cusip: | 48134BSR5
|
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