By Kiku Steinfeld
Chicago, March 26 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% digital contingent buffered notes due April 1, 2022 linked to the common stock of Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the initial share price or is less than the initial share price by up to 20%, the payout at maturity will be par plus 10.35%. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Digital contingent buffered notes
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Underlying stock: | Microsoft Corp.
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Amount: | $2 million
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Maturity: | April 1, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final share price is greater than or equal to initial share price or is less than initial share price by up to 20%, par plus 10.35%; if final share price is less than initial share price by more than 20%, 1% loss for every 1% that final share price is less than initial share price
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Initial share price: | $237.71
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Final share price: | Average of stock’s closing share prices on five trading days ending March 29, 2022
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Pricing date: | March 17
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Settlement date: | March 22
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48132THQ2
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