Chicago, Aug. 14 – JPMorgan Chase Financial Co. LLC priced $1.93 million of 0% digital contingent buffered notes due Aug. 9, 2024 linked to the American Depositary Shares of Alibaba Group Holding Ltd., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains or falls by no more than its 30% barrier, the payout at maturity will be par plus 18.28%. The payout will be par less the decline in the stock if it finishes below the 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.
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| Issue: | Digital contingent buffered notes
|
| Underlying stock: | Alibaba Group Holding Ltd.
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| Amount: | $1,925,000
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| Maturity: | Aug. 9, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If stock gains or declines but by no more than 30% barrier, par plus 18.28%; full exposure to the decline of stock if it finishes below the barrier
|
| Initial level: | $94.98
|
| Barrier level: | 70% of initial level
|
| Digital payment: | 18.28%
|
| Strike date: | July 25
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48133YQM9
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