Chicago, April 19 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped contingent buffered return enhanced notes due Feb. 5, 2025 linked to the common stock of Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains the payout at maturity will be par plus 125% of the return of the stock capped at par plus 28.9375%. The payout will be par if the stock declines but by no more than the 20% contingent buffer. Investors will by fully exposed to the stock loss if it declines beyond the contingent buffer.
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: | Capped contingent buffered return enhanced notes
|
| Underlying stock: | Amazon.com, Inc.
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| Amount: | $500,000
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| Maturity: | Feb. 5, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If stock gains par plus 125% of stock return capped at par plus 28.9375%; par if stock declines but by no more than 20% contingent buffer; full exposure to loss if stock declines beyond the contingent buffer
|
| Initial level: | $155.34
|
| Barrier level: | 80% of initial level
|
| Upside leverage: | 125%
|
| Cap: | 28.9375%
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 24
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48134TXJ8
|
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