By Wendy Van Sickle
Columbus, Ohio, July 28 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% digital contingent buffered notes due July 24, 2024 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above its initial level, the payout at maturity will be par plus 18.5%.
If the stock falls by up to 40%, the payout will be par.
Otherwise, investors will lose 1% for each 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: | Walt Disney Co.
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| Amount: | $2 million
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| Maturity: | July 24, 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 initial level, par plus 18.5%; if stock falls by up to 40%, par; otherwise, lose 1% for each 1% decline from initial level
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| Initial level: | $86.21
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| Digital payment: | 18.5%
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| Contingent buffer: | 40%
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| Pricing date: | July 21
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| Settlement date: | July 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 48133YNB6
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