By William Gullotti
Buffalo, N.Y., Oct. 26 – JPMorgan Chase Financial Co. LLC priced $3.42 million of 0% digital buffered notes due Nov. 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 commodity finishes at or above its buffer level, 54.4% of initial level, the payout at maturity will be par plus 15%.
Otherwise, investors will lose 1.83824% for every 1% of decline in commodity price beyond 45.6%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Digital buffered notes
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| Underlying commodity: | Brent Crude Oil Futures Contracts
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| Amount: | $3.42 million
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| Maturity: | Nov. 30, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If commodity finishes at or above buffer level, par plus 15%; otherwise, 1.83824% loss for every 1% commodity decline beyond 45.6%
|
| Initial level: | $92.41
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| Buffer level: | 54.4% of initial level
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| Strike date: | Oct. 19
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| Pricing date: | Oct. 20
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| Settlement date: | Oct. 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133PAL7
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