By Wendy Van Sickle
Columbus, Ohio, Feb. 5 – JPMorgan Chase Financial Co. LLC priced $2.9 million of 0% digital barrier notes due May 4, 2022 linked to the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above its initial level, the payout at maturity will be par plus the digital return of 12.5%.
If the stock declines by no more than 35%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the stock from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Digital barrier notes
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Underlying stock: | Nvidia Corp.
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Amount: | $2,904,000
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Maturity: | May 4, 2022
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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 its initial level, par plus 12.5%; if stock declines by no more than 35%, par; otherwise, full exposure to any losses
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Initial level: | $519.59
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Barrier level: | $337.7335; 65% of initial level
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Pricing date: | Jan. 29
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Settlement date: | Feb. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48132RB82
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