By Angela McDaniels
Tacoma, Wash., Oct. 5 – JPMorgan Chase Financial Co. LLC priced $4.6 million of 0% trigger Performance Leveraged Upside Securities due Oct. 5, 2022 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 above its initial level, the payout at maturity will be par of $10 plus 190% of the index return.
If the index finishes at or below its initial level but at or above its trigger level, the payout will be par. The trigger level is 65% of the initial index level.
If the index finishes below its trigger level, investors will be exposed to the index’s decline from its initial level.
J.P. Morgan Securities LLC is the agent. Distribution is through Morgan Stanley Wealth Management.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $4,598,700
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Maturity: | Oct. 5, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index finishes above initial level, par plus 203% of index return; if index finishes at or below initial level but at or above trigger level, par; if index finishes below trigger level, exposure to decline
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Initial index level: | 3,002.24
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Trigger level: | 1,951.456, 65% of initial levels
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Pricing date: | Sept. 30
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Settlement date: | Oct. 5
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Agent: | J.P. Morgan Securities LLC
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Distribution: | Morgan Stanley Wealth Management
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Fees: | 3.5%
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Cusip: | 46646X498
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