By Wendy Van Sickle
Columbus, Ohio, March 16 – JPMorgan Chase Financial Co. LLC priced $2.18 million of 0% digital equity notes due March 18, 2021 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 at least negative 10%, the payout at maturity will be the threshold settlement amount of $1,455 per $1,000 principal amount.
Investors will lose 1.1111% for each 1% loss beyond 10%.
J.P. Morgan Securities LLC is the underwriter.
| 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
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| Amount: | $2,179,000
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| Maturity: | March 18, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is at least negative 10%, par plus 45.5%; otherwise, 1.1111% loss for each 1% loss beyond 10%
|
| Initial index level: | 3,399.43
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| Pricing date: | March 14
|
| Settlement date: | March 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.47%
|
| Cusip: | 46646QG58
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