New York, Feb. 10 – JPMorgan Chase Financial Co. LLC priced $5 million of 0% trigger jump securities due Feb. 5, 2024 linked to the common stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the stock is positive, the payout at maturity will be par plus 49.35%.
Investors will receive par if the stock declines but finishes at or above the 80% trigger level and will lose 1% for every 1% that the stock declines if it finishes below the trigger level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management will act as distributor.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger jump securities
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| Underlying stock: | Tesla, Inc.
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| Amount: | $5 million
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| Maturity: | Feb. 5, 2024
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If stock return is positive, par plus 49.35%; par if stock declines but finishes at or above trigger level; otherwise, 1% loss for every 1% that stock declines from initial level
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| Initial level: | $143.89
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| Upside payment: | 49.35%
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| Trigger: | $115.112, 80% of initial level
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| Pricing date: | Jan. 24
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| Settlement date: | Jan. 27
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| Agent: | J.P. Morgan Securities LLC
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| Distributor: | Morgan Stanley Wealth Management
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| Fees: | 1.93% including a structuring fee of 0.43%
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| Cusip: | 48133K534
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