New York, Feb. 22 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital contingent buffered notes due March 3, 2025 linked to the common stock of Broadcom Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains or falls by no more than its 25% buffer the payout at maturity will be par plus 15.16%. The payout will be par less the decline in the stock if it finishes below the contingent buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Digital contingent buffered notes
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| Underlying stock: | Broadcom Inc.
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| Amount: | $1 million
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| Maturity: | March 3, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock gains or declines but by no more than 25% buffer, par plus 15.16%; full exposure to the decline of stock if it finishes below the contingent buffer
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| Initial level: | $1,262.22
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| Digital payment: | 15.16%
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| Contingent buffer: | 25%
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| Pricing date: | Feb. 15
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| Settlement date: | Feb. 21
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48134WLT2
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