By Marisa Wong
Los Angeles, Sept. 13 – JPMorgan Chase Financial Co. LLC priced $18.88 million of 0% digital equity notes due Oct. 13, 2022 linked to the S&P 500 Equal Weight Energy index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return is greater than or equal to negative 15%, the payout at maturity will be the threshold settlement amount of $1,091 per $1,000 of notes.
Otherwise, investors will lose 1.1765% for every 1% index decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital equity notes
|
| Underlying index: | S&P 500 Equal Weight Energy index
|
| Amount: | $18,875,000
|
| Maturity: | Oct. 13, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than or equal to negative 15%, par plus 9.1%; otherwise, 1.1765% loss for every 1% index decline beyond 15%
|
| Initial level: | 1,433.59
|
| Pricing date: | Sept. 8
|
| Settlement date: | Sept. 15
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.93%
|
| Cusip: | 48132WPW3
|
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