By Wendy Van Sickle
Columbus, Ohio, April 5 – JPMorgan Chase Financial Co. LLC priced $12.23 million of 0% digital equity notes due May 3, 2023 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 20%, the payout at maturity will be the threshold settlement amount of $1,108 per $1,000 of notes.
Otherwise, investors will lose 1.25% for every 1% index 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 index: | S&P 500 Equal Weight Energy index
|
| Amount: | $12,225,000
|
| Maturity: | May 3, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is greater than or equal to negative 20%, par plus 10.8%; otherwise, 1.25% loss for every 1% index decline beyond 20%
|
| Initial level: | 1,433.59
|
| Pricing date: | March 29
|
| Settlement date: | April 5
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.93%
|
| Cusip: | 48133D7G9
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