By Sarah Lizee
Olympia, Wash., Dec. 24 – JPMorgan Chase Financial Co. LLC priced $2.5 million of 0% bearish digital contingent buffered notes due Dec. 23, 2020 inversely linked to the common stock of Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final stock price is less than or equal to the initial stock price or is greater than the initial stock price by up to the contingent buffer amount, 30%, the payout at maturity will be par plus 10.5%.
If the final stock price is greater than the initial stock price by more than the contingent buffer amount, investors will lose 1% for every 1% that the final stock price is greater than the initial stock 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: | Bearish digital contingent buffered notes inversely linked to stock
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| Underlying stock: | Facebook, Inc.
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| Amount: | $2.5 million
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| Maturity: | Dec. 23, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final stock price is less than or equal to the initial stock price or is greater than the initial stock price by up to the contingent buffer amount, 30%, par plus 10.5%; if the final stock price is greater than the initial stock price by more than the contingent buffer amount, investors will lose 1% for every 1% that the final stock price is greater than the initial stock price
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| Initial share price: | $201.05
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| Pricing date: | Dec. 9
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| Settlement date: | Dec. 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132HHP0
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