By Wendy Van Sickle
Columbus, Ohio, May 2 – JPMorgan Chase Financial Co. LLC priced $28.75 million of 0% trigger Performance Leveraged Upside Securities due May 3, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 3.43 times the return.
If the index falls by up to its 65% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as dealer.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $28,745,160
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Maturity: | May 3, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 343% of any index gain; if index falls by up to 35%, par; otherwise, 1% loss per 1% decline
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Initial level: | 3,536.52
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Trigger level: | 2,298.738, 65% of initial level
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Pricing date: | April 30
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Settlement date: | May 2
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Agent: | J.P. Morgan Securities LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3.5%
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Cusip: | 48129L348
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