New York, May 15 – JPMorgan Chase Financial Co. LLC priced $2.09 million of 0% contingent digital buffered notes due May 24, 2024 linked to the common stock of Alcoa Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock finishes at or above 75% of initial level, the payout at maturity will be par plus 23.05%.
Otherwise, investors will lose 1.33333% for each 1% decline beyond 25%.
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: | Alcoa Corp.
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| Amount: | $2,085,000
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| Maturity: | May 24, 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 75% of initial level, par plus 23.05%; otherwise, lose 1.33333% for each 1% decline beyond 25%
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| Initial level: | $36.51
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| Digital payment: | 23.05%
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| Buffer: | 25%
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| Downside leverage: | 133.333%
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| Strike date: | May 9
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| Pricing date: | May 10
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| Settlement date: | May 15
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133WA57
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