By William Gullotti
Buffalo, N.Y., Feb. 20 – JPMorgan Chase Financial Co. LLC priced $2.8 million of 0% digital contingent buffered notes due March 20, 2025 linked to the performance of 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 gains, finishes flat or falls by up to 34.1%, payout at maturity will be par plus 14%.
Otherwise, investors will be exposed to the commodity’s decline from its initial level.
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: | $2,795,000
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| Maturity: | March 20, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 14% unless commodity falls by more than 34.1%, in which case full exposure to decline from the initial level
|
| Initial price level: | $76.84
|
| Barrier level: | 65.9% of initial level
|
| Pricing date: | Feb. 9
|
| Settlement date: | Feb. 14
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133W3J5
|
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