New York, Sept. 26 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% contingent digital buffered notes due Oct. 4, 2024 linked to the common stock of American Airlines Group Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains or falls by no more than its 20% buffer the payout at maturity will be par plus 17.3%. The payout will be par less 125% of the stock decline beyond the buffer.
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: | Contingent digital buffered notes
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| Underlying stock: | American Airlines Group Inc.
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| Amount: | $1.5 million
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| Maturity: | Oct. 4, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock gains or declines but by no more than 20% buffer, par plus 17.3%; 125% of stock decline beyond the buffer
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| Initial level: | $13.19
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| Digital payment: | 17.3%
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| Buffer: | 20%
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| Downside leverage: | 125%
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| Pricing date: | Sept. 20
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| Settlement date: | Sept. 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48134A3Z6
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