By Kiku Steinfeld
Chicago, Oct. 22 – JPMorgan Chase Financial Co. LLC priced $283,000 of 0% capped buffered return enhanced notes due Oct. 18, 2023 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.5 times any gain in the Amazon.com share price, up to a maximum return of 43%.
Investors will receive par if the stock declines by up to 15% and will lose 1% for every 1% decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
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| Underlying stock: | Amazon.com, Inc. (Symbol: AMZN)
|
| Amount: | $283,000
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| Maturity: | Oct. 18, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any Amazon.com share price gain, up to a maximum return of 43%; par if stock declines by up to 15%; 1% loss for every 1% loss that stock declines beyond 15%
|
| Initial price: | $3,443.63
|
| Buffer level: | 85% of initial level
|
| Pricing date: | Oct. 13
|
| Settlement date: | Oct. 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48132PLG7
|
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