New York, Oct. 5 – JPMorgan Chase Financial Co. LLC priced $6.77 million of yield notes due Nov. 30, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.3%, paid monthly.
If the index finishes at or above 75% of its initial level, the payout at maturity will be par plus the coupon. Otherwise, investors will lose 1.33333% for each 1% decline of the index beyond 25%.
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: | Yield notes
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| Underlying index: | S&P 500 index
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| Amount: | $6.77 million
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| Maturity: | Nov. 30, 2023
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| Coupon: | 8.3%, paid monthly
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| Price: | Par
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| Payout at maturity: | If index finishes at or above 75% of initial level, par; otherwise, 1.33333% loss for each 1% decline beyond 25%
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| Initial level: | 3,647.29
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| Buffer: | 25%
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| Strike date: | Sept. 27
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| Pricing date: | Sept. 28
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| Settlement date: | Oct. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0%
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| Cusip: | 48133NB56
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