By Wendy Van Sickle
Columbus, Ohio, April 16 – JPMorgan Chase Financial Co. LLC priced $50,000 of 0% contingent digital buffered notes due April 29, 2021 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final share price is at least 80% of the initial share price, the payout at maturity will be par plus 11.85%.
If the stock falls by more than 20%, investors will lose 1.25% for every 1% share price decline beyond 20%.
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: | Walt Disney Co. (Symbol: DIS)
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| Amount: | $50,000
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| Maturity: | April 29, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final share price is at least 80% of initial price, par plus 11.85%; otherwise, 1.25% loss for each 1% decline beyond 20%
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| Initial price: | $103.50
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| Final price: | Average of closing share prices on five trading days ending April 26, 2021
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| Pricing date: | April 14
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| Settlement date: | April 17
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132KTE5
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