Chicago, Nov. 2 – JPMorgan Chase Financial Co. LLC priced $1.23 million of 0% digital contingent buffered notes due Nov. 20, 2024 linked to the first nearby month WTI Crude Oil Futures Contract,, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity gains or falls by no more than its 41.3% buffer the payout at maturity will be par plus 14%. The payout will be par less the decline in the commodity if it finishes below the contingent buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital contingent buffered notes
|
| Underlying commodity: | WTI Crude Oil Futures Contract
|
| Amount: | $1,225,000
|
| Maturity: | Nov. 20, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If commodity gains or declines but by no more than 41.3% buffer, par plus 14%; full exposure to the decline of commodity if it finishes below the contingent buffer
|
| Initial level: | $85.54
|
| Buffer level: | 58.7% of initial level
|
| Digital payment: | 14%
|
| Pricing date: | Oct. 27
|
| Settlement date: | Nov. 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133WU63
|
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