New York, March 21 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% buffered digital notes due March 19, 2026 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 initial level, the payout at maturity will be par plus 22.6%.
Otherwise, investors will lose 1% for every 1% the index declines beyond 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: | Buffered digital notes
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Underlying index: | S&P 500 index
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Amount: | $1 million
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Maturity: | March 19, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above 80% of initial level, par plus 22.6%; otherwise, 1% loss for every 1% that index declines beyond 20%
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Initial level: | 3,919.29
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Buffer: | 20%
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Call: | Non-callable
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Pricing date: | March 14
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Settlement date: | March 17
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.75%
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Cusip: | 48133UY63
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