By William Gullotti
Buffalo, N.Y., Nov. 12 – JPMorgan Chase Financial Co. LLC priced $2.3 million of 0% digital contingent buffered notes due Aug. 24, 2022 linked to the American depositary shares of Alibaba Group Holding Ltd., 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 37.65%, payout at maturity will be par plus 8%. Otherwise, investors will be exposed to the stock’s decline from its initial level.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital contingent buffered notes
|
| Underlying stock: | Alibaba Group Holding Ltd.
|
| Amount: | $2,300,000
|
| Maturity: | Aug. 24, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 8% unless stock falls by more than 37.65%, in which case full exposure to decline from the initial level
|
| Initial price level: | $197.54
|
| Barrier level: | 62.35% of initial level
|
| Strike date: | July 29
|
| Pricing date: | July 30
|
| Settlement date: | Aug. 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132US20
|
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