By Wendy Van Sickle
Columbus, Ohio, March 20 – JPMorgan Chase Financial Co. LLC priced $3.21 million of 0% contingent digital buffered notes due March 31, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final index level is greater than or equal to the initial index level or is less than the initial index level by up to 10%, the payout at maturity will be par plus 11.23%.
If the final index level is less than the initial index level by more than 10%, investors will lose 1.1111% for every 1% that the index declines beyond 10%.
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 digital buffered notes
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| Underlying index: | S&P 500
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| Amount: | $3,205,000
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| Maturity: | March 31, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is at least 90% of initial level, par plus 11.23%; otherwise, 1.1111% loss for each 1% loss beyond 10%
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| Initial level: | 2,882.23
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| Buffer level: | 90% of initial level
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| Final price: | Average of closing share prices on five trading days ending March 26, 2021
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| Pricing date: | March 11
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| Settlement date: | March 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132KJB2
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