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 Microsoft 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 20.6%, 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: | Microsoft 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 20.6%, par; otherwise, full exposure to any losses
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Initial level: | $261.97
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Barrier level: | $208.00418; 79.4% of initial level
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Pricing date: | April 28
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Settlement date: | April 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 48132T2U9
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