By Sarah Lizee
Olympia, Wash., July 18 – JPMorgan Chase Financial Co. LLC priced $3.49 million of 0% digital notes due Aug. 19, 2019 linked to the 10-year U.S. dollar ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the swap rate finishes at or above its initial value or falls by up to the 25% contingent buffer amount, the payout at maturity will be par plus the contingent digital return, 6.21%.
Otherwise, investors will be fully exposed to losses.
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 notes
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Underlying rate: | 10-year U.S. dollar ICE swap rate
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Amount: | $3,485,000
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Maturity: | Aug. 19, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the swap rate gains, remains flat or falls by up to the 25% contingent buffer amount, par plus 6.21%; otherwise, full exposure to losses
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Initial rate: | 2.937%
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Pricing date: | July 16
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Settlement date: | July 19
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 46647MSG9
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