New York, Sept. 1 – JPMorgan Chase Financial Co. LLC priced $4.06 million of 0% contingent digital buffered notes due Sept. 12, 2024 linked to the Invesco QQQ Trust, Series 1, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes at or above 80% of initial level, the payout at maturity will be par plus 8.15%.
Otherwise, investors will lose 1.25% for every 1% decline of the ETF beyond 20%.
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: | Contingent digital buffered notes
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| Underlying ETF: | Invesco QQQ Trust, Series 1
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| Amount: | $4.06 million
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| Maturity: | Sept. 12, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF finishes at or above 80% of initial level, par plus 8.15%; otherwise, lose 1.25% for every 1% decline of the ETF beyond 20%
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| Initial level: | $366.76
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| Digital payment: | 8.15%
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| Buffer: | 20%
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| Downside leverage: | 125%
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| Pricing date: | Aug. 28
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| Settlement date: | Aug. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 48133YUX0
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