By William Gullotti
Buffalo, N.Y., Feb. 2 – JPMorgan Chase Financial Co. LLC priced $1.55 million of 0% digital contingent buffered notes due Feb. 10, 2025 linked to the stock performance of Snowflake Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock finishes at or above 55% of initial level, payout at maturity will be par plus 13.82%.
Otherwise, investors will lose 1% for every 1% decline of the stock from its initial level.
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: | Digital contingent buffered notes
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Underlying stock: | Snowflake Inc.
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Amount: | $1.55 million
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Maturity: | Feb. 10, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 13.82% unless stock falls by more than 45%, in which case full exposure to decline from initial level
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Initial level: | $210.60
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Barrier level: | 55% of initial level
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Strike date: | Jan. 24
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Pricing date: | Jan. 25
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Settlement date: | Jan. 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48134T2H6
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