New York, Feb. 23 – JPMorgan Chase Financial Co. LLC priced $1 million of yield notes due Feb. 22, 2024 linked to the common stock of Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6.5%, paid quarterly.
If the stock finishes at or above its 75.3% buffer, the payout at maturity will be par plus the coupon.
Otherwise, investors will lose 1% for each 1% decline in the stock beyond 24.7%.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Yield notes
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| Underlying stock: | Microsoft Corp.
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| Amount: | $1 million
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| Maturity: | Feb. 22, 2024
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| Coupon: | 6.5%, paid quarterly
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above its 75.3% buffer, par; otherwise, 1% loss for every 1% that stock declines beyond 24.7%
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| Initial level: | $262.15
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| Buffer: | 24.7%
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| Pricing date: | Feb. 16
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| Settlement date: | Feb. 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133UGZ9
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