New York, March 11 – JPMorgan Chase Financial Co. LLC priced $13.7 million of 0% trigger jump securities due June 4, 2025 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the stock is zero or positive, the payout at maturity will be par plus 41.75%.
Investors will receive par if the stock declines but finishes at or above the 80% trigger level and will lose 1% for every 1% that the stock declines if it finishes below the trigger level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley will act as distributor.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger jump securities
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| Underlying stock: | Tesla, Inc.
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| Amount: | $13,703,000
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| Maturity: | June 4, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock return is zero or positive, par plus 41.75%; par if stock declines but finishes at or above trigger level; otherwise, 1% loss for every 1% that stock declines from initial level
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| Initial level: | $201.88
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| Upside payment: | 41.75%
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| Trigger: | $161.504, 80% of initial level
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| Pricing date: | Feb. 29
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| Settlement date: | March 5
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| Agent: | J.P. Morgan Securities LLC
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| Distributor: | Morgan Stanley
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| Fees: | 2.25%
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| Cusip: | 48134WGD3
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