By William Gullotti
Buffalo, N.Y., June 17 – JPMorgan Chase Financial Co. LLC priced $775,000 of 0% uncapped accelerated barrier notes due June 15, 2023 linked to the lesser performing of the SPDR S&P 500 ETF Trust and the iShares Russell 2000 ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each ETF finishes at or above its initial level, the payout at maturity will be par plus 1.16 times the return of the worst performing ETF.
If any ETF falls but each ETF finishes at or above the 70% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing ETF.
The agent is J.P. Morgan Securities LLC.
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 S&P 500 ETF Trust, iShares Russell 2000 ETF
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Amount: | $775,000
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Maturity: | June 15, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each ETF finishes at or above its initial level, par plus 1.16 times the return of the worst performing ETF; if any ETF falls but all ETFs finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing ETF
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Initial ETF levels: | $424.31 for SPDR, $231.70 for iShares
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Barrier levels: | $297.017 for SPDR, $162.19 for iShares; 70% of initial levels
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Pricing date: | June 11
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Settlement date: | June 16
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48132UNA7
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