By Sarah Lizee
Olympia, Wash., Jan. 13 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital contingent buffered notes due Jan. 27, 2021 linked to the common stock of Hertz Global Holdings, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the initial share price or is less than the initial share price by up to 50%, the payout at maturity will be par plus 10.65%. Otherwise, investors will lose 1% for every 1% that the final share price is less than the initial share price.
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: | Digital contingent buffered notes
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| Underlying stock: | Hertz Global Holdings, Inc.
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| Amount: | $1 million
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| Maturity: | Jan. 27, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final share price is greater than or equal to initial share price or is less than initial share price by up to 50%, par plus 10.65%; if final share price is less than initial share price by more than 50%, 1% loss for every 1% that final share price is less than initial share price
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| Initial share price: | $16.44
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| Final share price: | Average of stock’s closing share prices on five trading days ending Jan. 22, 2021
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| Pricing date: | Jan. 9
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| Settlement date: | Jan. 14
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132HTD4
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