By Wendy Van Sickle
Columbus, Ohio, Aug. 20 – JPMorgan Chase Financial Co. LLC priced $3.05 million of 0% digital contingent buffered notes due Sept. 3, 2020 linked to the first nearby month futures contract for West Texas Intermediate crude oil, according to a 424B2 filing with the Securities and Exchange Commission.
If the final contract price is greater than or equal to the initial price or less than the initial price by up to 30.15%, the payout at maturity will be par plus 10%. Otherwise, investors will be exposed to oil’s decline from the initial price.
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 commodity: | First nearby month futures contract for West Texas Intermediate crude oil
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| Amount: | $3.05 million
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| Maturity: | Sept. 3, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final contract price is greater than or equal to initial price or less than initial price by up to 30.15%, par plus 10%; otherwise, exposure to oil’s decline from initial price
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| Initial oil price: | $54.47
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| Final oil price: | Average of contract prices on five trading days ending Aug. 31, 2020
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| Pricing date: | Aug. 15
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| Settlement date: | Aug. 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48130URV9
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