By Sarah Lizee
Olympia, Wash., April 2 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% contingent buffered digital notes due April 3, 2024 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above 60% of its initial level, the payout at maturity will be par plus the contingent digital return of 34%.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
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: | Contingent buffered digital notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $1 million
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Maturity: | April 3, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above 60% of its initial level, par plus 34%; otherwise, 1% loss per 1% drop of worse performing index
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Initial levels: | 1,535.104 for Dow and 2,815.44 for S&P
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Pricing date: | March 28
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Settlement date: | April 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3.25%
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Cusip: | 48130WJ85
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