By Sarah Lizee
Olympia, Wash., Aug. 17 – JPMorgan Chase Financial Co. LLC priced $196,000 of 0% digital notes due Nov. 9, 2020 linked to the American Depositary Shares, each representing two common shares, of Petroleo Brasileiro SA (Petrobras), according to a 424B2 filing with the Securities and Exchange Commission.
The guarantor is JPMorgan Chase & Co.
If the stock finishes at or above its initial level, the payout at maturity will be par plus 15.45%.
Otherwise, investors will be fully exposed to the decline of the stock.
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 notes
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Underlying stock: | Petroleo Brasileiro SA
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Amount: | $196,000
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Maturity: | Nov. 9, 2020
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the stock finishes at or above its initial level, par plus 15.45%; otherwise, investors will be fully exposed to the decline of the stock
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Initial level: | $8.42
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Pricing date: | Aug. 5
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Settlement date: | Aug. 7
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Underwriter: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48132M4A6
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