By Kiku Steinfeld
Chicago, Aug. 7 – JPMorgan Chase Financial Co. LLC priced $358,000 of 0% contingent buffered digital notes due Jan. 22, 2021 linked to the Euro Stoxx 50 index and the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final value of each asset is greater than or equal to 75% of its initial value, the payout at maturity will be par plus 9.85%.
If either asset falls by more than 25%, investors will be fully exposed to the lesser-performing asset’s decline from its initial value.
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: | Contingent buffered digital notes
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Underlying assets: | Euro Stoxx 50 index and the iShares MSCI Emerging Markets ETF
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Amount: | $358,000
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Maturity: | Jan. 22, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final value of each asset is greater than or equal to 75% of its initial value, par plus 9.85%; otherwise, investors will be fully exposed to the lesser-performing asset’s decline from its initial value
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Initial values: | 3,480.18 for index and $42.86 for ETF
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Pricing date: | July 19
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Settlement date: | July 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48132CXJ7
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