By William Gullotti
Buffalo, N.Y., May 9 – JPMorgan Chase Financial Co. LLC priced $11.4 million of 0% Trigger PLUS due May 5, 2028 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 151% of the index return.
Investors will receive par if the index return is negative but ends at or above the trigger and will lose 1% for every 1% decline from initial level if it ends below the trigger level.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Trigger PLUS
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| Underlying index: | MSCI Emerging Markets index
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| Amount: | $11.4 million
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| Maturity: | May 5, 2028
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index return is positive, par plus 151% of index return; par if index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% decline from initial level
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| Initial level: | 1,076.19
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| Trigger level: | 914.7615; 85% of initial level
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| Pricing date: | April 29
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| Settlement date: | May 5
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| Agent: | J.P. Morgan Securities LLC
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| Distributor: | Morgan Stanley Wealth Management
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| Fees: | 3.5% including a structuring fee of 0.5%
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| Cusip: | 48133B153
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