By Sarah Lizee
Olympia, Wash., March 13 – JPMorgan Chase Financial Co. LLC priced $7.09 million of 0% digital contingent buffered notes due March 24, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index gains, finishes flat or falls by up to 26.64%, the payout at maturity will be par plus 8%.
If the index falls by more than 26.64%, investors will be fully exposed to the index decline.
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 contingent buffered notes
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Underlying index: | S&P 500
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Amount: | $7,093,000
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Maturity: | March 24, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 8% unless index falls by more than 26.64%, in which case full exposure to the index decline
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Initial level: | 2,972.37
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Contingent buffer: | 73.36% of initial level
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Final level: | Average of index closing levels on five averaging dates ending March 19, 2021
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Pricing date: | March 6
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Settlement date: | March 11
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48132KFX8
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