New York, June 8 – JPMorgan Chase Financial Co. LLC priced $2.29 million of 0% uncapped accelerated barrier notes due May 29, 2026 linked to the SPDR Dow Jones industrial average ETF Trust and the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing ETF gains, the payout at maturity will be par plus 125% of the return of that ETF.
The payout will be par if the worst performing ETF declines but finishes at or above its 70% barrier. Otherwise, investors will lose 1% for every 1% that the worst performing ETF 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 ETFs: | SPDR Dow Jones industrial average ETF Trust and SPDR S&P 500 ETF Trust
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Amount: | $2,291,000
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Maturity: | May 29, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing ETF gains, par plus 125% of that ETF’s return; par if worst performing ETF declines but finishes at or above its downside barrier; otherwise, 1% loss for every 1% that worst performing ETF declines from initial level
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Initial levels: | $327.75 for SPDR Dow Jones industrial average, $414.65 for SPDR S&P 500
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Upside leverage: | 125%
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Barriers: | $229.425 for SPDR Dow Jones industrial average, $290.255 for SPDR S&P 500, 70% of initial level
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Pricing date: | May 25
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Settlement date: | May 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.95%
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Cusip: | 48133WC63
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