By William Gullotti
Buffalo, N.Y., Dec. 22 – JPMorgan Chase Financial Co. LLC priced $1.63 million of 0% capped contingent buffered return enhanced notes due Dec. 30, 2022 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 150% of any gain in the share price, up to a maximum return of 14.625%.
Investors will receive par if the share price falls by up to 25%. Otherwise, investors will be fully exposed to the stock’s decline from its initial share price.
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: | Capped contingent buffered return enhanced notes
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Underlying stock: | Walt Disney Co.
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Amount: | $1,625,000
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Maturity: | Dec. 30, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any share price gain, subject to 14.625% maximum return; par if stock price falls by up to 25%; otherwise, 1% loss for each 1% decline from initial level
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Initial share price: | $150.43
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Threshold: | 75% of initial level
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Pricing date: | Dec. 13
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Settlement date: | Dec. 16
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133CBX9
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