New York, June 21 – JPMorgan Chase Financial Co. LLC priced $2.55 million of 0% contingent digital buffered notes due June 30, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above 80% of its initial level, the payout at maturity will be par plus 8.7%.
Otherwise, investors will lose 1.25% for every 1% decline below 20%.
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 digital buffered notes
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Underlying index: | S&P 500 index
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Amount: | $2.55 million
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Maturity: | June 30, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains or declines by no more than 20%, par plus 8.7%; otherwise, 125% of index decline beyond the buffer
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Initial level: | 3,735.48
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Digital payment: | 8.7%
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Buffer: | 20%
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Downside leverage: | 125%
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Strike date: | June 14
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Pricing date: | June 15
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Settlement date: | June 21
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133G5X7
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