Chicago, March 4 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% buffered digital notes due March 26, 2025 linked to the common stock of Prologis, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains or declines but by no more than its 10% buffer the payout at maturity will be par plus 14.35%. Investors will lose 1% for every 1% the stock declines beyond its buffer.
The notes are non-callable.
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: | Buffered digital notes
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Underlying stock: | Prologis, Inc.
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Amount: | $1 million
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Maturity: | March 26, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If stock gains or declines but by no more than 10% buffer, par plus 14.35%; 1% loss for every 1% that stock declines beyond the buffer
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Initial level: | $133.42
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Buffer level: | 90% of initial level
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Buffer: | 10%
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Call: | Non-callable
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Strike date: | Feb. 21
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Pricing date: | Feb. 22
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Settlement date: | Feb. 27
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48134WPK7
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