By Wendy Van Sickle
Columbus, Ohio, Feb. 26 – JPMorgan Chase Financial Co. LLC priced $9.59 million of 9.1% trigger callable yield notes due May 27, 2025 linked to the least performing of the iShares Russell 2000 ETF and the SPDR S&P MidCap 400 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable monthly.
The notes are callable at par on any coupon payment date after three months.
The payout at maturity will be par unless the least-performing ETF finishes below its 70% downside threshold level, in which case investors will lose 1% for each 1% decline of the least-performing ETF from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
UBS Financial Services Inc. and J.P.Morgan are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Trigger callable yield notes
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Underlying ETFs: | iShares Russell 2000 ETF and SPDR S&P MidCap 400 ETF Trust
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Amount: | $9,592,900
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Maturity: | May 27, 2025
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Coupon: | 9.1% per year, payable monthly
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Price: | Par of $10
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Payout at maturity: | Par unless least-performing ETF finishes below downside threshold, in which case 1% loss for each 1% decline of least-performing ETF from its initial level
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Call option: | At par on any monthly coupon date after three months
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Initial levels: | $513.99 for SPDR S&P, $197.94 for iShares Russell
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Downside thresholds: | a | $359.79 for SPDR S&P, $138.56 for iShares Russell; 70% of initial levels
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Pricing date: | Feb. 21
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Settlement date: | Feb. 26
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Agents: | UBS Financial Services Inc. and J.P.Morgan
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Fees: | 0%
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Cusip: | 48131D151
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