By Wendy Van Sickle
Columbus, Ohio, Aug. 22 – JPMorgan Chase Financial Co. LLC priced $8.49 million of 0% digital notes due Aug. 20, 2020 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above the initial index level, the payout at maturity will be par plus 43.2 %. Investors will be fully exposed to any decline in the index.
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 notes
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| Underlying index: | Stoxx Europe 600
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| Amount: | $8.49 million
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| Maturity: | Aug. 20, 2020
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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 initial index level, par plus 43.2%; full exposure to any index decline
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| Initial index level: | 376.87
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| Pricing date: | Aug. 17
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| Settlement date: | Aug. 24
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 46647MH89
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