Chicago, Nov. 17 – JPMorgan Chase Financial Co. LLC priced $100,000 of 0% capped buffered equity notes due March 22, 2023 linked to the J.P. Morgan Kronos US Equity index, according to a 424B2 filing with the Securities and Exchange Commission..
The level of the index reflects the deduction of a fee of 0.35% per annum that accrues daily and, in some circumstances, a notional financing cost.,
If the index gains the payout at maturity will be par plus the return of the index capped at par plus 15.6%. The payout will be par if the index declines but by no more than the 20% barrier. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
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: | Capped buffered equity notes
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Underlying index: | J.P. Morgan Kronos US Equity index
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Amount: | $100,000
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Maturity: | March 22, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains par plus index return capped at par plus 15.6%; par if index declines but by no more than 20% barrier; 1% loss for every 1% that index declines from its initial level
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Initial level: | 518.13
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Upside leverage: | 100%
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Cap: | 15.6%
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Barrier: | 20%
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Pricing date: | March 4
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Settlement date: | March 9
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133DQL7
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