By William Gullotti
Buffalo, N.Y., Dec. 22 – JPMorgan Chase Financial Co. LLC priced $1.63 million of 0% capped contingent buffered return enhanced notes due Dec. 30, 2022 linked to the common stock of Freeport-McMoRan Inc., 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 150% of any gain in the share price, up to a maximum return of 35.25%.
Investors will receive par if the share price falls by up to 30%. Otherwise, investors will be fully exposed to the stock’s decline from its initial share price.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped contingent buffered return enhanced notes
|
| Underlying stock: | Freeport-McMoRan Inc.
|
| Amount: | $1,625,000
|
| Maturity: | Dec. 30, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any share price gain, subject to 35.25% maximum return; par if stock price falls by up to 30%; otherwise, 1% loss for each 1% decline from initial level
|
| Initial share price: | $37.63
|
| Threshold: | 70% of initial level
|
| Pricing date: | Dec. 13
|
| Settlement date: | Dec. 16
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133CBT8
|
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