By William Gullotti
Buffalo, N.Y., Oct. 26 – JPMorgan Chase Financial Co. LLC priced $4.6 million of 0% jump securities due April 4, 2023 linked to the stock performance of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
At maturity, if the stock finishes above its initial level, the payout will be par of $10 plus 23.2%.
Otherwise, investors will be fully exposed to any losses of the stock.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as placement agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Jump securities
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| Underlying stock: | Apple Inc.
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| Amount: | $4,597,250
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| Maturity: | April 4, 2023
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the stock finishes above its initial level, par of $10 plus 23.2%; otherwise, investors lose 1% for each 1% decline from the initial level
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| Initial level: | $141.50
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| Pricing date: | Sept. 30
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| Settlement date: | Oct. 5
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| Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management as placement agent
|
| Fees: | 2.5%
|
| Cusip: | 46652Y414
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