By Angela McDaniels
Tacoma, Wash., Dec. 6 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital notes due Dec. 31, 2020 linked to the least performing of the Russell 2000 index, the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
A trigger event occurs if any index closes below its trigger value, 70% of its initial level, on any day during the life of the notes.
If a trigger event has not occurred, the payout at maturity will be par plus 9.9%.
If a trigger event has occurred and the final level of each index is greater than or equal to its initial level, the payout will be par.
If a trigger event has occurred and the final level of any index is less than its initial level, investors will be exposed to the decline of the least-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: | Digital notes
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Underlying indexes: | Russell 2000, S&P 500 and Euro Stoxx 50
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Amount: | $1 million
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Maturity: | Dec. 31, 2020
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Coupon: | 0%
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Price: | Par
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Trigger event: | Any index closes below trigger value on any day during life of notes
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Payout at maturity: | If trigger event has not occurred, par plus 9.9%; if trigger event has occurred and final level of each index is greater than or equal to initial level, par; if trigger event has occurred and final level of any index is less than initial level, exposure to decline of least-performing index
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Initial levels: | 1,624.231 for Russell 2000 , 3,140.52 for S&P 500 and 3,705.55 for Euro Stoxx 50
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Trigger values: | 1,136.9617 for Russell 2000, 2,198.364 for S&P 500 and 2,593.885 for Euro Stoxx 50, or 70% of initial levels
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Pricing date: | Nov. 26
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Settlement date: | Dec. 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.35%
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Cusip: | 48132FV60
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