By Marisa Wong
Morgantown, W.Va., May 20 – JPMorgan Chase Financial Co. LLC priced $715,000 of 0% contingent digital buffered notes due May 13, 2020 linked to the common stock of Qualcomm Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final share price is at least 85% of the initial share price, the payout at maturity will be par plus 10.4%.
If the stock falls by more than 15%, investors will lose 1.17647% for every 1% share price decline beyond 15%.
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: | Contingent digital buffered notes
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| Underlying stock: | Qualcomm Inc. (Symbol: QCOM)
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| Amount: | $715,000
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| Maturity: | May 13, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final share price is at least 85% of initial price, par plus 10.4%; otherwise, 1.17647% loss for each 1% decline beyond 15%
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| Initial price: | $86.64
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| Final price: | Average of closing share prices on five trading days ending May 8, 2020
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| Pricing date: | April 26
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| Settlement date: | May 1
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132CDM2
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