By William Gullotti
Buffalo, N.Y., Jan. 24 – JPMorgan Chase Financial Co. LLC priced $2.43 million of 0% capped accelerated barrier notes due July 19, 2023 linked to the stock performance of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock finishes above its initial value, the payout at maturity will be par plus 1.5 times the gain, subject to a maximum payout of par plus 76.75%.
If the stock finishes flat or declines by up to 40%, the payout will be par. Otherwise, investors will be fully exposed to the stock’s decline from its initial value.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped accelerated barrier notes
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| Underlying stock: | Tesla, Inc.
|
| Amount: | $2,429,000
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| Maturity: | July 19, 2023
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | Par plus 1.5 times any stock gain, capped at par plus 76.75%; par if stock finishes flat or declines by up to 40%; otherwise, 1% loss for every 1% stock decline below the initial value
|
| Initial value: | $1,049.61
|
| Barrier value: | $629.766; 60% of initial level
|
| Pricing date: | Jan. 14
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| Settlement date: | Jan. 20
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.378%
|
| Cusip: | 48133CPT3
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