By Marisa Wong
Morgantown, W.Va., May 1 – JPMorgan Chase Financial Co. LLC priced $4.09 million of 0% contingent buffered digital notes due April 28, 2023 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission. The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus the contingent high digital return of 72.5%.
If the final level of one index is greater than or equal to its initial level and the final level of the other index is less than its initial level by up to 30% or the final level of each index is less than its initial level by up to 30%, the payout will be par plus 10%.
If the final level of either index is less than its initial level by more than 30%, investors will lose 1% for every 1% that the lesser-performing index finishes below its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Contingent buffered digital notes
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| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $4,088,000
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| Maturity: | April 28, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes at or above its initial level, par plus 72.5%; if either index falls but neither index falls by more than 30%, plus 10%; if either index falls by more than 30%, 1% loss for every 1% that the lesser-performing index finishes below its initial level
|
| Initial levels: | 2,348.69 for S&P and 1,379.854 for Russell
|
| Pricing date: | April 21
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| Settlement date: | April 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 3.25%
|
| Cusip: | 46646Q5F8
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