By Kiku Steinfeld
Chicago, March 27 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% contingent digital buffered notes due Sept. 16, 2022 linked to the common stock of Boeing Co., 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 15%, the payout at maturity will be par plus 24.7%. Otherwise, investors will lose 1.17647% for every 1% that the final share price declines beyond 15%.
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: | Boeing Co.
|
| Amount: | $2 million
|
| Maturity: | Sept. 16, 2022
|
| 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 15%, par plus 24.7%; if final share price is less than initial share price by more than 15%, 1.17647% loss for every 1% that final share price declines beyond 15%.
|
| Initial share price: | $255.21
|
| Final share price: | Average of stock’s closing share prices on five trading days ending Sept. 13, 2022
|
| Buffer level: | 85% of initial price
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| Pricing date: | March 17
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| Settlement date: | March 22
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48132THP4
|
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