New York, June 10 – JPMorgan Chase Financial Co. LLC priced $2.01 million of 0% capped accelerated barrier notes due Aug. 10, 2023 linked to the stock performance of Nvidia Corp., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock gains, the payout at maturity will be par plus 200% of the return of the stock, subject to a maximum payout of par plus 48.75%.
The payout will be par if the stock declines but finishes at or above its 85% barrier. Otherwise, investors will lose 1% for every 1% that the stock declines from its initial level.
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: | Capped accelerated barrier notes
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| Underlying stock: | Nvidia Corp.
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| Amount: | $2,005,000
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| Maturity: | Aug. 10, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If stock gains, par plus 200% of stock return, capped at par plus 48.75%; par if stock declines but finishes at or above its downside barrier; otherwise, 1% loss for every 1% decline from initial level
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| Initial level: | $187.86
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| Upside leverage: | 200%
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| Cap: | 48.75%
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| Barrier: | $159.681, 85% of initial level
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| Pricing date: | June 6
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| Settlement date: | June 9
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48133GWD1
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