By Kiku Steinfeld
Chicago, April 17 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% capped contingent buffered return enhanced notes due Dec. 29, 202500,000 linked to the common stock of Bank of America Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.5 times any gain in the share price, up to a maximum return of 36.525%. Investors will receive par if the share price falls by up to 20% and will be fully exposed to the decline in the stock price if it falls by more than 20%.
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 contingent buffered return enhanced notes
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| Underlying stock: | Bank of America Corp.
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| Amount: | $500,000
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| Maturity: | Dec. 29, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any share price gain, subject to 36.525% maximum return; par if stock price falls by up to 20%; full exposure to decline in share price if it falls more than 20%
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| Initial share price: | $32.73
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| Contingent buffer level: | 80% of initial level
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| Pricing date: | Dec. 13
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| Settlement date: | Dec. 16
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133TBE4
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