New York, Nov. 13 – JPMorgan Chase Financial Co. LLC priced $1.69 million of 0% capped return enhanced notes due Nov. 7, 2024 linked to the common stock of Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains, the payout at maturity will be par plus 300% of the return of the stock, capped at par plus 25%.
Investors will be fully exposed to stock decline.
The notes are guaranteed by JPMorgan Chase & Co.
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 return enhanced notes
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| Underlying stock: | Microsoft Corp.
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| Amount: | $1.69 million
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| Maturity: | Nov. 7, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock gains, par plus 300% of stock return, capped at par plus 25%; otherwise, 1% loss for every 1% that stock declines
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| Initial level: | $346.07
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| Upside leverage: | 300%
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| Cap: | 25%
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| Pricing date: | Nov. 1
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| Settlement date: | Nov. 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 48134BL43
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