By Wendy Van Sickle
Columbus, Ohio, Dec. 28 – JPMorgan Chase Financial Co. LLC priced $12.93 million of 0% capped enhanced participation equity notes due Jan. 23, 2025 linked to the S&P GSCI index Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index return greater than the initial level, the payout at maturity will be par plus 193% of the index return, subject to a maximum settlement amount of par plus 40.53%.
Investors will be fully exposed to any index decline.
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: | Capped enhanced participation equity notes
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Underlying index: | S&P GSCI index Excess Return
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Amount: | $12,932,000
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Maturity: | Jan. 23, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 193% of the gain, capped at par plus 40.53%; if the index is flat or declines, one-to-one exposure to decline
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Initial level: | 289.9076
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Pricing date: | Dec. 20
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Settlement date: | Dec. 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.09%
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Cusip: | 48133WZ43
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