By William Gullotti
Buffalo, N.Y., June 5 – JPMorgan Chase Financial Co. LLC priced $1.22 million of 0% uncapped buffered return enhanced notes due May 30, 2025 linked to the stock performance of Northrop Grumman Corp., Raytheon Technologies Corp. and General Dynamics Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If each stock gains, the payout at maturity will be par plus 2.56 times the return of the least performing stock.
If any stock finishes flat or falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the worst performing stock declines beyond 10%.
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: | Uncapped buffered return enhanced notes
|
| Underlying stocks: | Northrop Grumman Corp., Raytheon Technologies Corp., General Dynamics Corp.
|
| Amount: | $1,215,000
|
| Maturity: | May 30, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each stock gains, par plus 2.56 times return of least performing stock; par if any stock finishes flat or falls up to buffer; otherwise, 1% loss for every 1% that worst performing stock declines beyond buffer
|
| Initial levels: | $433.51 for Northrop Grumman, $204.35 for General Dynamics, $93.12 for Raytheon
|
| Buffer levels: | 90% of initial levels
|
| Strike date: | May 25
|
| Pricing date: | May 30
|
| Settlement date: | June 2
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | None
|
| Cusip: | 48133XCT1
|
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