New York, Dec. 19 – JPMorgan Chase Financial Co. LLC priced $3 million of 0% contingent digital buffered notes due Nov. 25, 2024 linked to the common stock of Goldman Sachs Group, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above 85% of initial level, the payout at maturity will be par plus 15.56%.
Otherwise, investors will lose 1.17647% for every 1% that the stock 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
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Contingent digital buffered notes
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| Underlying stock: | Goldman Sachs Group, Inc.
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| Amount: | $3 million
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| Maturity: | Nov. 25, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above 85% of initial level, par plus 15.56%; otherwise, lose 1.17647% for every 1% that the stock declines beyond 15%
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| Initial level: | $300.05
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| Digital payment: | 15.56%
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| Buffer: | 15%
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| Downside leverage: | 117.647%
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| Strike date: | Oct. 20
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| Pricing date: | Oct. 23
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| Settlement date: | Oct. 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.5%
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| Cusip: | 48134B6J7
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