By William Gullotti
Buffalo, N.Y., Feb. 2 – JPMorgan Chase Financial Co. LLC priced $1.96 million of 0% capped digital barrier notes due July 30, 2025 linked to the stock performance of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock finishes flat or gains, the payout at maturity will be the greater of par plus 10% and par plus stock return, capped at par plus 33.1%.
Investors will receive par if the stock declines but finishes at or above its 75% barrier level. Otherwise, investors will lose 1% for every 1% that the stock declines from initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped digital barrier notes
|
| Underlying stock: | Amazon.com, Inc.
|
| Amount: | $1,962,000
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| Maturity: | July 30, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If stock return is zero or positive, the greater of par plus 10% and par plus stock return, capped at par plus 33.1%; par if stock falls by no more than 25%; otherwise, 1% loss for each 1% decline from initial level
|
| Initial level: | $157.75
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| Barrier level: | $118.3125; 75% of initial level
|
| Pricing date: | Jan. 25
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| Settlement date: | Jan. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48134TBU7
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