By Wendy Van Sickle
Columbus, Ohio, May 19 – JPMorgan Chase Financial Co. LLC priced $300,000 of 0% digital barrier notes due June 2, 2022 linked to the common stock of the Target Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above its initial level, the payout at maturity will be par plus the digital return of 7%.
If the stock declines by no more than 22.5%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the stock from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Digital barrier notes
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| Underlying stock: | Target Corp.
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| Amount: | $300,000
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| Maturity: | June 2, 2022
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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 its initial level, par plus 7%; if stock declines by no more than 22.5%, par; otherwise, full exposure to any losses
|
| Initial level: | $204.36
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| Barrier level: | $158.379; 77.85% of initial level
|
| Pricing date: | April 28
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| Settlement date: | April 30
|
| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.25%
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| Cusip: | 48132T3B0
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