By William Gullotti
Buffalo, N.Y., Sept. 29 – JPMorgan Chase Financial Co. LLC priced $17.23 million of 0% digital buffered equity notes due March 28, 2024 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 its initial level, the payout at maturity will be the greater of par plus 11.25% and par plus the index return.
If the index declines but finishes at or above the 80.9% buffer level, the payout at maturity will be par.
Otherwise, investors will lose 1.2361% for every 1% index decline beyond 19.1%.
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 buffered equity notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $17,234,000
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Maturity: | March 28, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above initial level, greater of par plus 11.25% and par plus index return; if index falls up to 19.1%, par; otherwise, 1.2361% loss for every 1% index decline beyond buffer
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Initial level: | 3,342.56
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Buffer level: | 80.9% of initial level
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Pricing date: | Sept. 26
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Settlement date: | Oct. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.51%
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Cusip: | 48133NFP8
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