By Wendy Van Sickle
Columbus, Ohio, Dec. 23 – JPMorgan Chase Financial Co. LLC priced $8 million of 0% capped accelerated barrier notes with potential barrier adjustment due Dec. 23, 2025 linked to the lesser performing of the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus 2 times the return of the worst performing index, up to par plus 40%.
If either index falls but each index finishes at or above its barrier amount, the payout will be par.
The barrier amount is the index’s initial level multiplied by the sum of 60% and the barrier adjustment. The barrier adjustment is the highest of the index returns of the lesser performing index on Dec. 20, 2021, Dec. 19, 2022, Dec. 18, 2023 and Dec. 18, 2024, subject to a floor of zero and a cap of 20%.
If either index finishes below its barrier amount, investors will be fully exposed to the decline of the lesser performing index.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped accelerated barrier notes with potential barrier adjustment
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Underlying indexes: | S&P 500, Nasdaq-100
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Amount: | $8 million
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Maturity: | Dec. 23, 2025
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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 its initial level, par plus 2 times the return of the worst performing index, up to par plus 40%; if either index falls but each index finishes at or above its barrier amount, par; otherwise, investors will be fully exposed to the decline of the worst performing index
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Initial index levels: | 3,709.41 for S&P, 12,738.18 for Nasdaq
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Barrier amount: | Index’s initial level multiplied by sum of 60% and barrier adjustment
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Barrier adjustment: | Highest of index returns of lesser performing index on Dec. 20, 2021, Dec. 19, 2022, Dec. 18, 2023 and Dec. 18, 2024, subject to floor of zero and cap of 20%
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Pricing date: | Dec. 18
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Settlement date: | Dec. 23
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.5%
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Cusip: | 48132PN67
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