Chicago, Dec. 13 – JPMorgan Chase Financial Co. LLC priced $696,000 of 0% capped accelerated barrier notes due April 5, 2023 linked to the iShares Global Clean Energy ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF finishes above its initial value, the payout at maturity will be par plus two times the gain, with the payout up to a maximum return of 45%.
If the ETF finishes flat or declines by up to 30%, the payout will be par. Otherwise, investors will be fully exposed to any decline.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Capped accelerated barrier notes
|
| Underlying ETF: | iShares Global Clean Energy ETF
|
| Amount: | $696,000
|
| Maturity: | April 5, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus two times any gain, up to maximum return of 45%; par if ETF finishes flat or declines by up to barrier; otherwise, 1% loss for every 1% decline
|
| Initial value: | $24.30
|
| Barrier value: | $17.01, 70% of initial level
|
| Pricing date: | March 31
|
| Settlement date: | April 6
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.33441%
|
| Cusip: | 48132RQ86
|
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