By Susanna Moon
Chicago, May 31 – JPMorgan Chase Financial Co. LLC priced $3.79 million of 0% digital buffered equity notes due May 26, 2021 linked to the iShares U.S. Real Estate ETF, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the fund return is at least zero, the payout at maturity will be the greater of the par plus the gain and the threshold settlement amount of $1,276 for each $1,000 principal amount.
If the fund falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1.1111% for every 1% decline beyond 10%.
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 fund: | iShares U.S. Real Estate ETF
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| Amount: | $3.79 million
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| Maturity: | May 26, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund gains, par plus greater of return and 27.6%; par if fund falls by up to 10%; otherwise, 1.1111% loss for each 1% decline beyond 10%
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| Initial level: | $76.40
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| Barrier level: | 90% of initial level
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| Pricing date: | May 22
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| Settlement date: | May 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.6%
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| Cusip: | 48129MPJ9
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