By Wendy Van Sickle
Columbus, Ohio, April 20 – JPMorgan Chase Financial Co. LLC priced $2.17 million of 0% digital equity notes due July 21, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above 87.5% of the initial level, the payout at maturity will be par plus 15.15%.
Investors will lose 1.1429% for each 1% decline beyond 12.5%.
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 equity notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $2,173,000
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Maturity: | July 21, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is at least 87.5% of initial level, par plus 15.15%; 1.1429% loss for each 1% decline beyond 12.5%
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Initial level: | 3,848.68
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Pricing date: | April 14
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Settlement date: | April 22
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0%
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Cusip: | 48133FKQ7
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