By Marisa Wong
Los Angeles, May 4 – JPMorgan Chase Financial Co. LLC priced $3 million of 0% digital contingent buffered notes due May 4, 2021 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.
If the stock gains, finishes flat or falls by up to 40%, the payout at maturity will be par plus 13.65%. Otherwise, investors will be exposed to the share price decline from the initial price.
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: | Bank of America Corp. (Symbol: BAC)
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| Amount: | $3 million
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| Maturity: | May 4, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 13.65% unless stock falls by more than 40%, in which case full exposure to share price decline
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| Initial price: | $21.42
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| Final price: | Average of closing share prices for five trading days ending April 29, 2021
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| Strike date: | April 16
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| Pricing date: | April 17
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| Settlement date: | April 22
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48132KVJ1
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