Chicago, April 14 – JPMorgan Chase Financial Co. LLC priced $1.28 million of 0% contingent digital buffered notes due April 19, 2021 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final share price is at least 75% of the initial share price, the payout at maturity will be par plus 12.7%.
If the stock falls by more than 25%, investors will lose 1.33333% for every 1% share price decline beyond 25%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Contingent digital buffered notes
|
| Underlying stock: | Walt Disney Co. (Symbol: DIS)
|
| Amount: | $1,280,000
|
| Maturity: | April 19, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is at least 75% of initial price, par plus 12.7%; otherwise, 1.33333% loss for each 1% decline beyond 25%
|
| Initial price: | $94.92
|
| Final price: | Average of closing share prices on five trading days ending April 14, 2021
|
| Pricing date: | April 2
|
| Settlement date: | April 7
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132KQL2
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
