By Sarah Lizee
Olympia, Wash., April 4 – JPMorgan Chase Financial Co. LLC priced $3 million of 0% contingent buffered digital notes due April 8, 2021 linked to the least performing of the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus the contingent digital return of 23%.
If either index falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
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 buffered digital notes
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Underlying indexes: | Nasdaq-100 and Dow Jones industrial average
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Amount: | $3 million
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Maturity: | April 8, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above initial level, par plus 23%; par if either index falls by up to 25%; otherwise, 1% loss per 1% drop of worse performing index
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Initial levels: | 26,179.13 for Dow and 7,499.639 for Nasdaq
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Pricing date: | April 2
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Settlement date: | April 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48132CAP8
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