Chicago, Sept. 11 – JPMorgan Chase Financial Co. LLC priced $5.2 million of 0% capped return enhanced notes due Sept. 18, 2024 linked to the American Depositary Shares of Alibaba Group Holding Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
If the shares gain the payout at maturity will be par plus 200% of the return of the stock capped at par plus 50.5%. Investors will lose 1% for every 1% that the stock declines.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped return enhanced notes
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| Underlying stock: | Alibaba Group Holding Ltd.
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| Amount: | $5,200,000
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| Maturity: | Sept. 18, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If stock gains par plus 200% of stock return capped at par plus 50.5%; 1% loss for every 1% that stock declines
|
| Initial level: | $95.01
|
| Upside leverage: | 200%
|
| Cap: | 50.5%
|
| Strike date: | Sept. 1
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| Pricing date: | Sept. 5
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| Settlement date: | Sept. 8
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48134AXR1
|
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