New York, Oct. 18 – JPMorgan Chase Financial Co. LLC priced $1.13 million of 0% digital contingent buffered notes due Sept. 19, 2024 linked to the common stock of Advanced Micro Devices, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above 70% of its initial level, the payout at maturity will be par plus 45%.
Otherwise, investors will lose 1% for every 1% that the final level is less than the initial level.
The notes are guaranteed by JPMorgan Chase & Co.
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 contingent buffered notes
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| Underlying stock: | Advanced Micro Devices, Inc.
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| Amount: | $1,125,000
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| Maturity: | Sept. 19, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above 70% of initial level, par plus 45%; otherwise, full exposure to the decline of stock from initial level
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| Initial level: | $76.66
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| Digital payment: | 45%
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| Contingent buffer: | 30%
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| Strike date: | Sept. 15
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| Pricing date: | Sept. 16
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| Settlement date: | Sept. 21
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48133NCA4
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