By William Gullotti
Buffalo, N.Y., Sept. 9 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% buffered digital notes due Sept. 6, 2024 linked to the least performing of the stocks of Meta Platforms, Inc. and Boeing Co., according to a 424B2 filing with the Securities and Exchange Commission.
If each stock finishes at or above its 60% buffer level, the payout at maturity will be par plus a 24.75% digital return.
Otherwise, investors will lose 1% for each 1% decline of the worst performer beyond 40%.
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: | Buffered digital notes
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| Underlying stocks: | Boeing Co., Meta Platforms, Inc.
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| Amount: | $1 million
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| Maturity: | Sept. 6, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 24.75% digital return if each stock finishes at or above buffer level; otherwise, 1% loss for each 1% decline of worst performer beyond 40%
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| Initial levels: | $160.32 for Meta, $151.82 for Boeing
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| Buffer levels: | 60% of initial levels
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| Strike date: | Sept. 2
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| Pricing date: | Sept. 6
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| Settlement date: | Sept. 9
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.4%
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| Cusip: | 48133MP87
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