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
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped buffered return enhanced notes
|
| Underlying stock: | CAVA Group, Inc.
|
| Amount: | $561,000
|
| Maturity: | March 28, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| 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
|
| Initial level: | $45.89
|
| Buffer level: | 90% of initial level
|
| Upside leverage: | 300%
|
| Cap: | 50%
|
| Buffer: | 10%
|
| Pricing date: | Jan. 25
|
| Settlement date: | Jan. 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48134TP24
|
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