By Taylor Fox
New York, Feb. 1 – JPMorgan Chase Financial Co. LLC priced $5.71 million of 0% trigger jump securities due Sept. 1, 2022 linked to the common stock of General Electric Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock return is flat or positive, the payout at maturity will be par plus 41%.
The payout will be par if the stock declines by 10% or less. If the stock declines by more than 10%, investors will lose 1% for each 1% decline from the initial price.
J.P. Morgan Securities LLC is the agent, with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Trigger jump securities
|
| Underlying stock: | General Electric Co.
|
| Amount: | $5,706,500
|
| Maturity: | Sept. 1, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the stock return is flat or positive, par plus 41%; par if the stock declines but finishes at or above downside threshold; otherwise, 1% loss for each 1% decline from the initial price
|
| Initial price: | $10.56
|
| Downside threshold: | $9.504, 90% of initial price
|
| Pricing date: | Dec. 29
|
| Settlement date: | Jan. 4
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 48132Q839
|
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