By Marisa Wong
Morgantown, W.Va., May 13 – JPMorgan Chase Financial Co. LLC priced $3 million of 0% contingent digital buffered notes due April 28, 2022 linked to the S&P 500 Aerospace & Defense (Industry) index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final index level is greater than or equal to the initial index level or is less than the initial index level by up to 15%, the payout at maturity will be par plus 16.05%.
If the final index level is less than the initial index level by more than 15%, investors will lose 1.17647% for every 1% that the index declines beyond 15%.
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: | Contingent digital buffered notes
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| Underlying index: | S&P 500 Aerospace & Defense (Industry) index
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| Amount: | $3 million
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| Maturity: | April 28, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is at least 85% of initial level, par plus 16.05%; otherwise, 1.17647% loss for each 1% loss beyond 15%
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| Initial level: | 1,288.68
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| Final price: | Average of closing share prices on five trading days ending April 25, 2022
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| Pricing date: | April 25
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| Settlement date: | April 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48132CEH2
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