By Emma Trincal
New York, June 9 – JPMorgan Chase Financial Co. LLC priced $4.75 million of 0% trigger in-digital notes due Sept. 19, 2024 linked to a WTI crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the price of crude finishes at or above its 60% barrier, the payout at maturity will be par plus the digital return of 19%.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC and UBS Financial Services Inc. are the agents.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger in-digital notes
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| Underlying asset: | WTI crude oil futures contract
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| Amount: | $4.75 million
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| Maturity: | Sept. 19, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If crude oil gains or falls by not more than 40%, par plus 19%; if crude falls by more than 40%, 1% loss per 1% decline
|
| Initial contract price: | $71.74
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| Threshold level: | $43.04, 60% of initial level
|
| Pricing date: | June 5
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| Settlement date: | June 8
|
| Agent: | J.P. Morgan Securities LLC and UBS Financial Services Inc.
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| Fees: | 1%
|
| Cusip: | 48130Y636
|
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