By Wendy Van Sickle
Columbus, Ohio, July 28 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% digital buffered notes due Aug. 30, 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% of initial level, the payout at maturity will be par plus 11.65%.
Otherwise, investors will lose 1.42857% for every 1% of decline in commodity price beyond 30%.
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 million
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| Maturity: | Aug. 30, 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 11.65%; otherwise, 1.42857% loss for every 1% commodity decline beyond buffer
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| Initial level: | $81.07
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| Buffer level: | 70% of initial level
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| Pricing date: | July 21
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| Settlement date: | July 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133WG77
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