New York, Jan. 29 – JPMorgan Chase Financial Co. LLC priced $4 million of 0% digital contingent buffered notes due April 24, 2025 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 9.87%.
Otherwise, investors will lose 1% for every 1% decline of the index from its 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: | Digital contingent buffered notes
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Underlying index: | S&P 500 index
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Amount: | $4 million
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Maturity: | April 24, 2025
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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 9.87%; otherwise, full exposure to the decline of the index
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Initial level: | 4,780.94
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Digital payment: | 9.87%
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Contingent buffer: | 20%
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Strike date: | Jan. 18
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Pricing date: | Jan. 19
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Settlement date: | Jan. 24
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.125%
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Cusip: | 48134TZW7
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