By Kiku Steinfeld
Chicago, Oct. 3 – JPMorgan Chase Financial Co. LLC priced $1.2 million of 0% capped dual directional accelerated barrier notes due Aug. 16, 2023 linked to the stock of Tesla, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains, the payout at maturity will be par plus 200% of the gain, capped at 64.5%.
The payout will be par plus the absolute value of the stock return if the stock declines but finishes at or above the 70% barrier.
Investors will lose 1% for every 1% that the stock declines if it ends below the barrier.
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: | Capped dual directional accelerated barrier notes
|
| Underlying stock: | Tesla, Inc.
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| Amount: | $1,202,000
|
| Maturity: | Aug. 16, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If stock gains, par plus 200% of gain, capped at 64.5%; par plus absolute value of stock return if stock declines but finishes above 70% barrier; 1% loss for every 1% that stock declines if it finishes below barrier
|
| Initial level: | $860
|
| Upside leverage: | 200%
|
| Barrier: | $602, 70% of initial level
|
| Pricing date: | Feb. 11
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| Settlement date: | Feb. 16
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| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.7%
|
| Cusip: | 48133C5F5
|
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