By William Gullotti
Buffalo, N.Y., June 15 – JPMorgan Chase Financial Co. LLC priced $16.08 million of 0% digital equity notes due July 10, 2024 linked to the SPDR S&P Metals & Mining ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF finishes at or above 70% of its initial level, the payout at maturity will par plus 9.15%.
Otherwise, investors will lose 1.4286% for every 1% of ETF decline beyond 30%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital equity notes
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| Underlying fund: | SPDR S&P Metals & Mining ETF
|
| Amount: | $16,083,000
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| Maturity: | July 10, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF finishes at or above 70% of initial level, par plus 9.15%; otherwise, 1.4286% loss for every 1% ETF decline beyond 30%
|
| Initial level: | $48.78
|
| Pricing date: | June 8
|
| Settlement date: | June 15
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.08%
|
| Cusip: | 48133XMB9
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