By William Gullotti
Buffalo, N.Y., March 1 – JPMorgan Chase Financial Co. LLC priced $2.7 million of 0% digital equity notes due March 27, 2023 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes flat or gains, the payout at maturity will be the greater of par plus 42.32% and par plus the index return.
Investors will be exposed to any losses.
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 Banks index
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| Amount: | $2.7 million
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| Maturity: | March 27, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is zero or positive, the greater of par plus 27.4% and par plus the return; otherwise, full exposure to decline
|
| Initial level: | 105.06
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| Pricing date: | Feb. 23
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| Settlement date: | March 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.08%
|
| Cusip: | 48133DFY1
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