New York, Sept. 29 – JPMorgan Chase Financial Co. LLC priced $15 million of 0% uncapped accelerated barrier notes due Sept. 29, 2033 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 134.5% of the return of the index.
The payout will be par if the index declines but finishes at or above its 50% barrier. Otherwise, investors will lose 1% for every 1% that the index declines from initial level.
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: | Uncapped accelerated barrier notes
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Underlying index: | S&P 500 index
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Amount: | $15 million
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Maturity: | Sept. 29, 2033
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 134.5% of index return; par if index declines but finishes at or above its downside barrier; otherwise, 1% loss for every 1% that index declines from initial level
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Initial level: | 4,320.06
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Upside leverage: | 134.5%
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Barrier: | 2,160.03, 50% of initial level
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Strike date: | Sept. 22
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Pricing date: | Sept. 25
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Settlement date: | Sept. 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48134AE68
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