By Angela McDaniels
Tacoma, Wash., June 25 – JPMorgan Chase Financial Co. LLC priced $520,000 of 0% contingent digital buffered notes due July 9, 2020 linked to the common stock of DocuSign, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the final share price is greater than or equal to the initial share price or is less than the initial share price by up to 30%, the payout at maturity will be par plus 10.75%.
If the final share price is less than the initial share price by more than 30%, investors will lose 1.42857% for every 1% that the stock declines beyond 30%.
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.
|
| Issue: | Contingent digital buffered notes
|
| Underlying stock: | DocuSign Inc. (Symbol: DOCU)
|
| Amount: | $520,000
|
| Maturity: | July 9, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than or equal to initial share price or is less than initial share price by up to 30%, par plus 10.75%; if final share price is less than initial share price by more than 30%, 1.42857% loss for every 1% that stock declines beyond 30%
|
| Initial share price: | $52.83
|
| Final share price: | Average of stock’s closing share prices on five trading days ending July 6, 2020
|
| Pricing date: | June 21
|
| Settlement date: | June 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132CVZ3
|
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