Chicago, April 23 – JPMorgan Chase Financial Co. LLC priced $561,000 of 0% capped buffered return enhanced notes due March 28, 2025 linked to the common stock of CAVA Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains the payout at maturity will be par plus 300% of the return of the stock capped at par plus 50%. The payout will be par if the stock declines but by no more than the 10% buffer. Investors will lose 1% for every 1% that the stock declines beyond the 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: | Capped buffered return enhanced notes
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Underlying stock: | CAVA Group, Inc.
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Amount: | $561,000
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Maturity: | March 28, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If stock gains par plus 300% of stock return capped at par plus 50%; par if stock declines but by no more than 10% buffer; 1% loss for every 1% that stock declines beyond the buffer
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Initial level: | $45.89
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Buffer level: | 90% of initial level
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Upside leverage: | 300%
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Cap: | 50%
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Buffer: | 10%
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Pricing date: | Jan. 25
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Settlement date: | Jan. 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48134TP24
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