By William Gullotti
Buffalo, N.Y., Feb. 9 – JPMorgan Chase Financial Co. LLC priced $5 million of 0% digital equity notes due Feb. 20, 2025 linked to the stock performance of On Holding AG, 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 its threshold level, 85% of initial level, the payout at maturity will par plus 29.6%.
Otherwise, investors will lose 1.1765% for every 1% decline below 15%.
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 equity notes
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| Underlying stock: | On Holding AG
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| Amount: | $5 million
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| Maturity: | Feb. 20, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above threshold level, par plus 29.6%; otherwise, 1.1765% loss for every 1% decline beyond 15%
|
| Initial level: | $27.78
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| Threshold level: | 85% of initial level
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| Strike date: | Jan. 18
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| Pricing date: | Jan. 22
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| Settlement date: | Jan. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.09%
|
| Cusip: | 48134TD68
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