By Sarah Lizee
Olympia, Wash., April 10 – JPMorgan Chase Financial Co. LLC priced $1.78 million of 0% digital dual directional contingent buffered notes due April 13, 2021 linked to Kraft Heinz Co. shares, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock finishes at or above its initial level or falls by up to the 30% contingent buffer, the payout will be par plus 20.15%.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital dual directional contingent buffered notes
|
| Underlying stock: | Kraft Heinz Co.
|
| Amount: | $1,775,000
|
| Maturity: | April 13, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If stock gains or falls by up to 30%, par plus 20.15%; otherwise, 1% loss for each 1% decline
|
| Initial level: | $33.19
|
| Contingent buffer: | 30%
|
| Pricing date: | April 8
|
| Settlement date: | April 11
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.5%
|
| Cusip: | 48132CBB8
|
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