Chicago, Feb. 2 – JPMorgan Chase Financial Co. LLC priced $2.5 million of 0% digital buffered notes due Jan. 31, 2025 linked to Brent Crude Oil Futures Contract, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 13.6% if the commodity gains or declines by no more than its 24% buffer.
Otherwise the payout will be par less 131.579% of the decline of the commodity beyond the buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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 notes
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Underlying commodity: | Brent Crude Oil Futures Contract
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Amount: | $2,500,000
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Maturity: | Jan. 31, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 13.6% if commodity gains or declines by no more than its 24% buffer; otherwise par less 131.579% of the decline of commodity beyond its buffer
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Initial level: | $76.12
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Digital payment: | 13.6%
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Buffer: | 24%
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Downside leverage: | 131.579%
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Strike date: | Jan. 8
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Pricing date: | Jan. 9
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Settlement date: | Jan. 12
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133W2C1
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