Chicago, Sept. 21 – JPMorgan Chase Financial Co. LLC priced $3.58 million of 0% digital equity notes due Oct. 16, 2023 linked to the stock performance of Hess Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock finishes at or above its threshold level, 75% of initial level, the payout at maturity will par plus 16.85%.
Otherwise, investors will lose 1.3333 % for every 1% decline below 25%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Digital equity notes
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| Underlying stock: | Hess Corp.
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| Amount: | $3,575,000
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| Maturity: | Oct. 16, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above threshold level, par plus 16.85%; otherwise, 1.3333% loss for every 1% decline beyond 25%
|
| Initial level: | $126.92
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| Threshold level: | 75% of initial level
|
| Pricing date: | Sept. 12
|
| Settlement date: | Sept. 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.08%
|
| Cusip: | 48133MV56
|
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