Chicago, Nov. 10 – JPMorgan Chase Financial Co. LLC priced $1.3 million of 0% capped accelerated barrier notes due Nov. 12, 2025 linked to the common stock of Walt Disney Co., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains the payout at maturity will be par plus 200% of the return of the stock capped at par plus 53%. The payout will be par if the stock declines but finishes above its 85% barrier. Investors will lose 1% for every 1% that the stock declines if it closes below its barrier.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped accelerated barrier notes
|
| Underlying stock: | Walt Disney Co.
|
| Amount: | $1,301,000
|
| Maturity: | Nov. 12, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If stock gains par plus 200% of stock return capped at par plus 53%; par if stock declines but finishes above its downside barrier; 1% loss for every 1% that stock declines if it finishes below its downside barrier
|
| Initial level: | $84.02
|
| Barrier: | $71.417, 85% of initial level
|
| Upside leverage: | 200%
|
| Cap: | 53%
|
| Strike date: | Nov. 6
|
| Pricing date: | Nov. 7
|
| Settlement date: | Nov. 10
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.4%
|
| Cusip: | 48134RHE1
|
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