Chicago, Feb. 1 – JPMorgan Chase Financial Co. LLC priced $570,000 of 0% digital notes due Oct. 12, 2021 linked to the common stock of Qualcomm Inc., 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 16.1%.
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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital notes
|
| Underlying stock: | Qualcomm Inc.
|
| Amount: | $570,000
|
| Maturity: | Oct. 12, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the stock finishes at or above its initial level, par plus 16.1%; otherwise, investors will be fully exposed to the decline of the stock
|
| Initial level: | $138.06
|
| Strike date: | April 6
|
| Pricing date: | April 7
|
| Settlement date: | April 12
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Fees: | 0.75%
|
| Cusip: | 48132TTE6
|
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