By Kiku Steinfeld
Chicago, Aug. 9 – JPMorgan Chase Financial Co. LLC priced $1.4 million of 0% capped contingent buffered return enhanced notes due Aug. 3, 2022 linked to the common stock of Apple Inc., 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 Apple share price, up to a maximum return of 23.25%.
Investors will receive par if the share price falls by up to 15% and will be fully exposed to the decline in the stock price from the initial level if it falls by more than 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped contingent buffered return enhanced notes
|
| Underlying stock: | Apple Inc. (Symbol: AAPL)
|
| Amount: | $1,401,000
|
| Maturity: | Aug. 3, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 150% of any share price gain, subject to 23.25% maximum return; par if stock price falls by up to 15%; full exposure to decline if price falls more than 15%
|
| Initial share price: | $146.39
|
| Pricing date: | July 16
|
| Settlement date: | July 21
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1%
|
| Cusip: | 48132U3K7
|
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