By Kiku Steinfeld
Chicago, Jan. 25 – JPMorgan Chase Financial Co. LLC priced $405,000 of 0% capped contingent buffered return enhanced notes due Feb. 2, 2022 linked to the common stock of Capital One Financial Corp., 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 150% of any gain in the share price, up to a maximum return of 23.63%.
Investors will receive par if the share price falls by up to 30% and will lose 1% for each 1% decline if it falls by more than 30%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped contingent buffered return enhanced notes
|
| Underlying stock: | Capital One Financial Corp.
|
| Amount: | $405,000
|
| Maturity: | Feb. 2, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any share price gain, subject to 23.63% maximum return; par if stock price falls by up to 30%; 1% loss for each 1% decline if price falls more than 30%
|
| Initial share price: | $112.53
|
| Threshold: | 70% of initial level
|
| Pricing date: | Jan. 15
|
| Settlement date: | Jan. 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132RJD3
|
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