Chicago, Aug. 18 – JPMorgan Chase Financial Co. LLC priced $2.43 million of 0% digital buffered notes due Aug. 30, 2023 linked to Brent Crude Oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ending contract price finishes at or above the buffer level, 65% of initial level, the payout at maturity will be par plus 14.1%.
Otherwise, investors will lose 1.53846% for every 1% of decline in the contract return beyond the 35% buffer.
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 buffered notes
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| Underlying commodity: | Brent Crude Oil
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| Amount: | $2,425,000
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| Maturity: | Aug. 30, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ending contract price finishes at or above buffer level, par plus 14.1%; otherwise, 1.53846% loss for every 1% commodity decline beyond 35%
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| Initial level: | $98.15
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| Buffer level: | 65% of initial level
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| Pricing date: | Aug. 12
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| Settlement date: | Aug. 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133MAQ3
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