By Sarah Lizee
Olympia, Wash., Oct. 17 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% jump securities due Oct. 14, 2021 linked to the common stock of Baidu, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the final share price is greater than or equal to the initial share price, the payout at maturity will be par of $10 plus 47%.
If the final share price is less than the initial share price, investors will be fully exposed to the stock’s decline from the initial share price.
J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Jump securities
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| Underlying stock: | Baidu, Inc.
|
| Amount: | $2 million
|
| Maturity: | Oct. 14, 2021
|
| Coupon: | 0%
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| Price: | Par of $10.00
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| Payout at maturity: | If final share price is greater than or equal to initial share price, par plus 47%; if final share price is less than initial share price, full exposure to stock’s decline from initial share price
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| Initial share price: | $104.66
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| Pricing date: | Oct. 11
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| Settlement date: | Oct. 17
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| Agent: | J.P. Morgan Securities LLC
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| Distribution: | Morgan Stanley Wealth Management
|
| Fees: | 1.5%
|
| Cusip: | 48132G385
|
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