By Wendy Van Sickle
Columbus, Ohio, April 8 – JPMorgan Chase Financial Co. LLC priced $5 million of 0% capped contingent buffered return enhanced notes due April 2, 2024 linked to the common stock of Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 5 times any gain in the share price, up to a maximum return of 100.25%. Investors will receive par if the share price falls by up to 10% and will be fully exposed to the decline in the stock price if it falls by more than 10%.
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: | Capped contingent buffered return enhanced notes
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| Underlying stock: | Bank of America Corp.
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| Amount: | $5 million
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| Maturity: | April 2, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 500% of any share price gain, subject to 100.25% maximum return; par if stock price falls by up to 10%; full exposure to decline in share price if it falls more than 10%
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| Initial share price: | $21.7986
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| Contingent buffer level: | 90% of initial level
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| Pricing date: | March 27
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| Settlement date: | April 1
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48132KA88
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