By Wendy Van Sickle
Columbus, Ohio, July 12 – JPMorgan Chase Financial Co. LLC priced $28.02 million of 0% capped gears Aug. 30, 2024 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par of $10 plus triple any fund gain, capped at par plus 30.65%.
Investors will be fully exposed to any fund decline.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped gears
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Underlying fund: | Energy Select Sector SPDR fund
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Amount: | $28,021,000
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Maturity: | Aug. 30, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus three times any fund gain, capped at par plus 30.65%; otherwise, full exposure to any fund decline
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Initial level: | $78.93
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Pricing date: | June 27
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Settlement date: | June 30
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Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48131C187
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