By William Gullotti
Buffalo, N.Y., March 15 – JPMorgan Chase Financial Co. LLC priced $2.5 million of 0% digital buffered notes due March 28, 2024 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, 70.7% of initial level, the payout at maturity will be par plus 15%.
Otherwise, investors will lose 1.41443% for every 1% of decline in commodity price beyond 29.3%.
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 Futures Contracts
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Amount: | $2.5 million
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Maturity: | March 28, 2024
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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, 1.41443% loss for every 1% commodity decline beyond 29.3%
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Initial level: | $82.66
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Buffer level: | 70.7% of initial level
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Strike date: | March 8
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Pricing date: | March 9
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Settlement date: | March 14
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133U4R0
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