Chicago, Dec. 20 – JPMorgan Chase Financial Co. LLC priced $520,000 of 0% digital notes due Feb. 26, 2020 linked to the American Depositary Shares, each representing one preference share, of Banco Bradesco SA, according to a 424B2 filed with the Securities and Exchange Commission.
If the shares finish at or above its initial price, the payout will be par plus 12%.
Otherwise, investors will be fully exposed to the decline of the shares from their initial price.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Digital notes
|
| Underlying shares: | Banco Bradesco SA
|
| Amount: | $520,000
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| Maturity: | Feb. 26, 2020
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the shares finish at or above its initial price, par plus 12%; otherwise, investors will be fully exposed to the decline of the shares from their initial price
|
| Initial price: | $7.89
|
| Strike date: | Nov. 21
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 27
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.5%
|
| Cusip: | 48132FV78
|
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