By William Gullotti
Buffalo, N.Y., Sept. 29 – JPMorgan Chase Financial Co. LLC priced $4.53 million of 0% capped accelerated barrier notes due Sept. 23, 2027 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index’s final level is greater than 112% of its initial level, the payout at maturity will be par plus 65.8% plus 0.658 times the gain of the index above 12%, subject to a maximum return of par plus 76.986%.
If the index’s final level is less than or equal to 112% of its initial level but greater than 92% of its initial level, the payout will be par plus 3.29 times the sum of the return plus an additional 8%.
If the index’s final level is less than or equal to 92% of its initial level but greater than or equal to 76% of its initial level, investors will lose 1.5% for every 1% decline beyond 8%.
Otherwise, investors will be fully exposed to the index’s decline from its initial level.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped accelerated barrier notes
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| Underlying index: | Russell 2000 index
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| Amount: | $4,532,000
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| Maturity: | Sept. 23, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index’s final level is greater than 112% of its initial level, par plus 65.8% plus 0.658 times the gain of the index above 12%, subject to a maximum return of par plus 76.986%; if the index’s final level is less than or equal to 112% of its initial level but greater than 92% of its initial level, par plus 3.29 times the sum of the return plus an additional 8%; the index’s final level is less than or equal to 92% of its initial level but greater than or equal to 76% of its initial level, investors will lose 1.5% for every 1% decline beyond 8%; otherwise, full exposure to index decline from initial level
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| Initial level: | Average of the index closing levels on every trading day from Sept. 23 to Oct. 31
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| Final level: | Average of the index closing levels on every trading day from June 22, 2027 to Sept. 20, 2027
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| Upper barrier level: | 92% of initial level
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| Lower barrier level: | 76% of initial level
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| Pricing date: | Sept. 26
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| Settlement date: | Sept. 29
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.25%
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| Cusip: | 48133NLG1
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