New York, Oct. 19 – JPMorgan Chase Financial Co. LLC priced $2.52 million of 0% digital contingent buffered notes due Oct. 17, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 75% of initial level, the payout at maturity will be par plus 8.47%.
Otherwise, investors will lose 1% for every 1% decline of the index from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
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 contingent buffered notes
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| Underlying index: | S&P 500 index
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| Amount: | $2,515,000
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| Maturity: | Oct. 17, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above 75% of initial level, par plus 8.47%; otherwise, full exposure to the decline of index
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| Initial level: | 4,288.05
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| Digital payment: | 8.47%
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| Contingent buffer: | 25%
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| Pricing date: | Sept. 29
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| Settlement date: | Oct. 4
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48134AF91
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