By William Gullotti
Buffalo, N.Y., Feb. 7 – JPMorgan Chase Financial Co. LLC priced $300,000 of 0% capped buffered return enhanced notes due April 27, 2022 linked to Signature Bank, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus two times any stock gain, up to a maximum return of 29.9%.
Investors will receive par if the stock falls by up to 15% and will lose 1.17647% for each 1% decline beyond 15%.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying stock: | Signature Bank
|
| Amount: | $300,000
|
| Maturity: | April 27, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times any stock gain, capped at 29.9%; par if stock declines by 15% or less; exposure to 1.17647% loss for each 1% decline beyond the buffer
|
| Initial value: | $228.26
|
| Buffer level: | 85% of initial level
|
| Pricing date: | April 9
|
| Settlement date: | April 14
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.6%
|
| Cusip: | 48132TST4
|
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