By Wendy Van Sickle
Columbus, Ohio, July 12 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital contingent buffered notes due July 25, 2023 linked to the stock of Apple Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the stock gains, finishes flat or falls by up to 30%, payout at maturity will be par plus 12%. Otherwise, investors will be exposed to the stock’s decline from its initial level.
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: | Digital contingent buffered notes
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Underlying stock: | Apple Inc.
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Amount: | $1 million
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Maturity: | July 25, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 12% unless stock falls by more than 30%, in which case full exposure to decline from the initial level
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Initial price level: | $146.35
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Barrier level: | 70% of initial level
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Strike date: | July 7
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Pricing date: | July 8
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Settlement date: | July 13
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133LMP4
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