By William Gullotti
Buffalo, N.Y., Sept. 8 – JPMorgan Chase Financial Co. LLC priced $3.85 million of 0% digital contingent buffered notes due Sept. 20, 2024 linked to the performance of a WTI Crude Oil Futures Contract, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the commodity gains, finishes flat or falls by up to 33.55%, payout at maturity will be par plus 14%.
Otherwise, investors will be exposed to the commodity’s decline from its initial level.
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: | Digital contingent buffered notes
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Underlying commodity: | WTI Crude Oil Futures Contract
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Amount: | $3,854,000
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Maturity: | Sept. 20, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 14% unless commodity falls by more than 33.55%, in which case full exposure to decline from the initial level
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Initial price level: | $85.55
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Barrier level: | 66.45% of initial level
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Pricing date: | Sept. 1
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Settlement date: | Sept. 7
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133WN53
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