By Kiku Steinfeld
Chicago, Nov. 9 – JPMorgan Chase Financial Co. LLC priced $677,000 of 0% contingent buffered digital notes due Nov. 3, 2022 linked to the common stock of Southwest Airlines Co. according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock gains or finishes flat, the payout at maturity will be par plus 38.65%.
If the stock falls by up to 35%, the payout at maturity will be par.
Otherwise, investors will lose 1% for each 1% decline.
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 buffered digital notes
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| Underlying stock: | Southwest Airlines Co.
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| Amount: | $677,000
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| Maturity: | Nov. 3, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock gains or finishes flat, par plus 38.65%; if stock falls by up to 35%, par; otherwise, 1% loss for each 1% decline
|
| Initial level: | $16.92
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| Contingent buffer: | $9.306 or 65% of initial level
|
| Pricing date: | Oct. 30
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| Settlement date: | Nov. 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.75%
|
| Cusip: | 48132PST2
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