New York, Jan. 20 – JPMorgan Chase Financial Co. LLC priced $1.51 million of 0% digital contingent buffered notes due Jan. 31, 2024 linked to the common stock of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above 60% of its initial level, the payout at maturity will be par plus 19.75%.
Otherwise, investors will 1ose 1% for every 1% decline from initial level.
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: | Nvidia Corp.
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Amount: | $1,507,000
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Maturity: | Jan. 31, 2024
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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 60% of its initial level, par plus 19.75%; otherwise, full exposure to the decline of stock from initial level
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Initial level: | $168.99
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Digital payment: | 19.75%
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Contingent buffer: | 40%
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Strike date: | Jan. 13
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Pricing date: | Jan. 17
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Settlement date: | Jan. 20
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133TXU4
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