Chicago, Dec. 4 – JPMorgan Chase Financial Co. LLC priced $10 million of 0% digital barrier notes due Dec. 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 commodity finishes at or above its barrier level, 60% of initial level, the payout at maturity will be par plus 12.75%.
Otherwise, investors will lose 1% for every 1% of decline in the commodity price.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital barrier notes
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| Underlying commodity: | WTI Crude Oil Futures Contract
|
| Amount: | $10,004,000
|
| Maturity: | Dec. 19, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If commodity finishes at or above barrier level, par plus 12.75%; otherwise, 1% loss for every 1% commodity decline from initial level
|
| Initial level: | $77.83
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| Barrier level: | 60% of initial level
|
| Strike date: | Nov. 20
|
| Pricing date: | Nov. 28
|
| Settlement date: | Dec. 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133WX37
|
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