By William Gullotti
Buffalo, N.Y., Oct. 25 – JPMorgan Chase Financial Co. LLC priced $5.24 million of 0% trigger jump securities due Jan. 25, 2023 linked to the common stock of the Moderna, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock return is flat or positive, the payout at maturity will be par plus 36.4%.
The payout will be par if the stock declines by 10% or less. If the stock declines by more than 10%, investors will lose 1% for each 1% decline from the initial price.
J.P. Morgan Securities LLC is the agent, with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger jump securities
|
| Underlying stock: | Moderna, Inc.
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| Amount: | $5,235,850
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| Maturity: | Jan. 25, 2023
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the stock return is flat or positive, par plus 36.4%; par if the stock declines but finishes at or above downside threshold; otherwise, 1% loss for each 1% decline from the initial price
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| Initial price: | $333.01
|
| Downside threshold level: | $299.709; 90% of initial price
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| Pricing date: | Oct. 20
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| Settlement date: | Oct. 25
|
| Underwriter: | J.P. Morgan Securities LLC
|
| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 2.25%
|
| Cusip: | 46652Y257
|
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