By Taylor Fox
New York, Nov. 20 – JPMorgan Chase Financial Co. LLC priced $1.05 million of 0% autocallable contingent buffered equity notes due Nov. 8, 2023 linked to the least performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at an annual 14.15% premium if each index finishes above its 95% call value on any quarterly review date starting after one year.
If each index finishes above its initial level, the payout at maturity will be par plus the least-performing index’s gain.
If any index falls but no index declines by more than 40%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the least-performing index from its initial level.
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: | Autocallable contingent buffered equity notes
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Underlying indexes: | Dow Jones industrial average, Nasdaq-100 and Russell 2000
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Amount: | $1,050,000
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Maturity: | Nov. 8, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes above its initial level, par plus least-performing index’s gain; if any index falls by up to 40%, par; otherwise, 1% loss for each 1% decline of least-performing index from initial level
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Call: | At par plus 14.15% annual premium if each index closes above 95% call value on any quarterly review date after one year
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Initial levels: | 27,480.03 for Dow, 1,614.295 for Russell and 11,279.91 for Nasdaq
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Buffer levels: | 60% of initial levels
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Pricing date: | Nov. 3
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Settlement date: | Nov. 6
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.95%
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Cusip: | 48132PTG9
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