New York, Nov. 8 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% digital contingent buffered notes due Nov. 17, 2023 linked to the VanEck Vectors Oil Services ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes at or above 60% of initial level, the payout at maturity will be par plus 18.85%.
Otherwise, full exposure to ETF decline from initial level.
The notes are guaranteed by JPMorgan Chase & Co.
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 contingent buffered notes
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| Underlying ETF: | VanEck Vectors Oil Services ETF
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| Amount: | $2 million
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| Maturity: | Nov. 17, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF finishes at or above 60% of initial level, par plus 18.85%; otherwise, full exposure to the decline of ETF from initial level
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| Initial level: | $298.12
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| Digital payment: | 18.85%
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| Contingent buffer: | 40%
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| Strike date: | Nov. 1
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| Pricing date: | Nov. 2
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| Settlement date: | Nov. 7
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133PPH0
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