Chicago, April 22 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% digital notes due Feb. 7, 2025 linked to the two-year U.S. dollar SOFR ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the swap rate finishes at or above 64.4% of its initial value, the payout at maturity will be par plus the contingent digital return of 15%.
Otherwise, investors will lose 1.5528% for every 1% that the rate declines beyond 35.6%.
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 notes
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| Underlying rate: | Two-year U.S. dollar SOFR ICE swap rate
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| Amount: | $500,000
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| Maturity: | Feb. 7, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the swap rate finishes at or above 64.4% of its initial value, par plus 15%; otherwise, lose 1.5528% for every 1% that the rate declines beyond 35.6%
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| Initial rate: | 4.218%
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| Buffer level: | 64.4% of initial rate
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| Strike date: | Jan. 23
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| Pricing date: | Jan. 24
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| Settlement date: | Jan. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133W2T4
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