By Wendy Van Sickle
Columbus, Ohio, June 22 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital equity notes due Aug. 16, 2023 linked to the Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock finishes at or above its buffer level, 75% of initial level, the payout at maturity will par plus 33.65%.
Otherwise, investors will lose 1.3333% for every 1% that the stock declines beyond 25%.
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 equity notes
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| Underlying stock: | Tesla, Inc.
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| Amount: | $1 million
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| Maturity: | Aug. 16, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the stock finishes at or above buffer level, par plus 33.65%; otherwise, 1.3333% loss for every 1% of stock decline below 25%
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| Initial level: | $662.67
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| Buffer level: | 75% of initial level
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| Pricing date: | June 14
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| Settlement date: | June 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.17%
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| Cusip: | 48133G3N1
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