By Angela McDaniels
Tacoma, Wash., Oct. 7 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital contingent buffered notes due Oct. 19, 2020 linked to the common stock of FedEx 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 25%, the payout at maturity will be par plus 12.02%. 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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital contingent buffered notes
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| Underlying stock: | FedEx Corp. (Symbol: FDX)
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| Amount: | $1 million
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| Maturity: | Oct. 19, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| 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 25%, par plus 12.02%; if final share price is less than initial share price by more than 25%, 1% loss for every 1% that final share price is less than initial share price
|
| Initial share price: | $140.78
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| Final share price: Average of stock’s closing share prices on five trading days ending Oct. 14, 2020
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| Pricing date: | Oct. 3
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| Settlement date: | Oct. 8
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132FVX1
|
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