By William Gullotti
Buffalo, N.Y., Oct. 30 – JPMorgan Chase Financial Co. LLC priced $3.35 million of 0% Performance Leveraged Upside Securities due April 29, 2025 linked to an equally weighted stock basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of Schlumberger NV, Occidental Petroleum Corp., Nabors Industries Ltd. and Transocean Ltd.
If the basket return is positive, the payout at maturity will be par plus 300% of the basket return, subject to a maximum return of par plus 48%.
Investors will be fully exposed to any basket decline.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Performance Leveraged Upside Securities
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| Underlying basket: | Schlumberger NV, Occidental Petroleum Corp., Nabors Industries Ltd., Transocean Ltd.; equal weights
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| Amount: | $3.35 million
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| Maturity: | April 29, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket return is positive, par plus 300% of basket return, subject to a maximum return of par plus 48%; otherwise, lose 1% for every 1% decline
|
| Initial levels: | $57.00 for Schlumberger, $62.53 for Occidental, $114.66 for Nabors, $7.02 for Transocean
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| Pricing date: | Oct. 24
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| Settlement date: | Oct. 27
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| Agent: | J.P. Morgan Securities LLC
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| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 2.5%
|
| Cusip: | 48134BYD9
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