By William Gullotti
Buffalo, N.Y., June 15 – JPMorgan Chase Financial Co. LLC priced $350,000 of 0% capped contingent buffered return enhanced notes due June 8, 2022 linked to the common stock of Signature Bank, 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 200% of any gain in the share price, up to a maximum return of 31.5%.
Investors will receive par if the share price falls by up to 20% and will lose 1% for each 1% decline if it falls by more than 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: | Capped contingent buffered return enhanced notes
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| Underlying stock: | Signature Bank
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| Amount: | $350,000
|
| Maturity: | June 8, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 200% of any share price gain, subject to 31.5% maximum return; par if stock price falls by up to 20%; 1% loss for each 1% decline if price falls more than 20%
|
| Initial share price: | $240.21
|
| Threshold: | 80% of initial level
|
| Pricing date: | May 21
|
| Settlement date: | May 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132UAF0
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