By William Gullotti
Buffalo, N.Y., July 21 – JPMorgan Chase Financial Co. LLC priced $2.52 million 0% enhanced trigger jump securities due July 28, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final index level is at least 70% of the initial level, the payout at maturity will be par plus the upside payment of 7.2%.
If the final index level is less than the 70% trigger level, investors will be fully exposed to the index’s decline from its 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: | Enhanced trigger jump securities
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Underlying index: | S&P 500 index
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Amount: | $2.52 million
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Maturity: | July 28, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If final index level is at least 70% of the initial level, par plus 7.2%; otherwise, 1% loss per 1% decline from initial level
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Initial level: | 3,830.85
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Trigger level: | 2,681.595; 70% of initial level
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Pricing date: | July 18
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Settlement date: | July 21
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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: | 48133E363
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