By William Gullotti
Buffalo, N.Y., April 25 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped buffered return enhanced notes due April 25, 2025 linked to Amazon.com, Inc., according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.25 times any stock gain, up to a maximum return of par plus 23.5625%.
Investors will receive par if the stock falls by up to 15% and will lose 1.17647% for each 1% decline beyond 15%.
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.
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| Issue: | Capped buffered return enhanced notes
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| Underlying stock: | Amazon.com, Inc.
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| Amount: | $1 million
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| Maturity: | April 25, 2025
|
| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | Par plus 1.25 times any stock gain, capped at par plus 23.5625%; par if stock declines by 15% or less; exposure to losses beyond 15% at a rate of 1.17647% for each 1% decline
|
| Initial level: | $185.67
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| Buffer level: | 85% of initial level
|
| Strike date: | April 9
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| Pricing date: | April 10
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| Settlement date: | April 15
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48134XYW9
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