By Marisa Wong
Morgantown, W.Va., Aug. 8 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital notes due Sept. 6, 2019 linked to the 10-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the swap rate finishes at or above its initial value or falls by up to the 17% contingent buffer amount, the payout at maturity will be par plus the contingent digital return of 8%.
Otherwise, investors will be fully exposed to losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Digital notes
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| Underlying rate: | 10-year U.S. dollar ICE swap rate
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| Amount: | $1 million
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| Maturity: | Sept. 6, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the swap rate gains, remains flat or falls by up to the 17% contingent buffer amount, par plus 8%; otherwise, full exposure to losses
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| Initial rate: | 3.031%
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| Pricing date: | July 31
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| Settlement date: | Aug. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 46647MSQ7
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