By Tali Rackner
Minneapolis, May 10 – JPMorgan Chase Financial Co. LLC priced $16.15 million of 0% trigger Performance Leveraged Upside Securities due April 24, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial level, the payout at maturity will be par plus 1.7 times the return.
If the index falls by up to its 65% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management as dealer.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Trigger Performance Leveraged Upside Securities
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Underlying index: | S&P 500 index
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Amount: | $16,145,000
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Maturity: | April 2, 2025
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 1.7 times index gain; if index falls by up to 35%, par; otherwise, full exposure to losses
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Initial level: | 2,670.14
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Trigger level: | 1,735.591, 65% of initial level
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Pricing date: | April 20
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Settlement date: | April 25
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Agent: | J.P. Morgan Securities LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3.5%
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Cusip: | 48129L231
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