By William Gullotti
Buffalo, N.Y., April 25 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital equity notes due May 13, 2025 linked to the stock performance of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock finishes at or above its threshold level, 85% of initial level, the payout at maturity will par plus 26.65%.
Otherwise, investors will lose 1.1765% for every 1% decline below 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Digital equity notes
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| Underlying stock: | Nvidia Corp.
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| Amount: | $1 million
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| Maturity: | May 13, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If stock finishes at or above threshold level, par plus 26.65%; otherwise, 1.1765% loss for every 1% decline beyond 15%
|
| Initial level: | $853.54
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| Threshold level: | 85% of initial level
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| Strike date: | April 9
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| Pricing date: | April 12
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| Settlement date: | April 19
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.09%
|
| Cusip: | 48134XYX7
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