By Sarah Lizee
Olympia, Wash., Feb. 19 – JPMorgan Chase Financial Co. LLC priced $15.17 million of 0% trigger jump securities due Feb. 17, 2022 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above its initial level, the payout at maturity will equal par of $10 plus the greater of the return and the fixed payment percentage of 26.35%.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline from the initial level.
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 jump securities
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Underlying index: | Euro Stoxx 50
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Amount: | $15,169,880
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Maturity: | Feb. 17, 2022
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the index finishes at or above its initial level, par plus the greater of the return and 26.35%; par if index falls by up to 10%; otherwise, 1% loss for each 1% decline from the initial level
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Initial index level: | 3,840.97
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Trigger value: | 3,456.873, 90% of initial level
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Pricing date: | Feb. 14
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Settlement date: | Feb. 20
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Agent: | J.P. Morgan Securities LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 2.5%
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Cusip: | 48132J454
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