New York, Jan. 16 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped contingent buffered return enhanced notes due Jan. 22, 2025 linked to the common stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains, the payout at maturity will be par plus 125% of the return of the stock, capped at par plus 20.45%.
The payout will be par if the stock declines by no more than 20%. Otherwise, investors will be fully exposed to the stock’s decline from its 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: | Capped contingent buffered return enhanced notes
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| Underlying stock: | Apple Inc.
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| Amount: | $500,000
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| Maturity: | Jan. 22, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock gains, par plus 125% of stock return, capped at par plus 20.45%; par if stock declines by no more than 20%; otherwise, full exposure to loss
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| Initial level: | $181.91
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| Upside leverage: | 125%
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| Cap: | 20.45%
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| Buffer: | 20%
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| Strike date: | Jan. 4
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| Pricing date: | Jan. 5
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| Settlement date: | Jan. 10
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48134TNW0
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