By William Gullotti
Buffalo, N.Y., Jan. 30 – JPMorgan Chase Financial Co. LLC priced $6.23 million of 0% digital equity notes due Feb. 28, 2024 linked to the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF finishes at or above 80% of its initial level, the payout at maturity will par plus 17.6%.
Otherwise, investors will lose 1.25% for every 1% of ETF decline beyond 20%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital equity notes
|
| Underlying fund: | SPDR S&P Oil & Gas Exploration & Production ETF
|
| Amount: | $6,225,000
|
| Maturity: | Feb. 28, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF finishes at or above 80% of initial level, par plus 17.6%; otherwise, 1.25% loss for every 1% ETF decline beyond 20%
|
| Initial level: | $142.04
|
| Pricing date: | Jan. 25
|
| Settlement date: | Feb. 1
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.93%
|
| Cusip: | 48133TYU3
|
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