By Kiku Steinfeld
Chicago, Dec. 13 – JPMorgan Chase Financial Co. LLC priced $500,000 of yield notes due Jan. 19, 2024 linked to the Dow Jones industrial average and SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 4.35%, paid quarterly.
If the worst performing asset gains or ends above its 80% buffer level, the payout at maturity will be par plus the coupon. Investors will lose 1% for each 1% decline in the worst performing asset beyond 20%.
The notes are non-callable.
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: | Yield notes
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| Underlying assets: | Dow Jones industrial average and SPDR S&P 500 ETF Trust
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| Amount: | $500,000
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| Maturity: | Jan. 19, 2024
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| Coupon: | 4.35%, paid quarterly
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| Price: | Par
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| Payout at maturity: | If worst performing asset finishes at or above its 80% buffer level, par; otherwise, loss of 1% for each 1% decline beyond 20%
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| Initial levels: | 34,451.23 for Dow, $437.79 for SPDR
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| Buffer: | 20%
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| Call: | Non-callable
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| Pricing date: | April 14
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| Settlement date: | April 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2.15%
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| Cusip: | 48133FJP1
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