By Wendy Van Sickle
Columbus, Ohio, Sept. 26 – JPMorgan Chase Financial Co. LLC priced $2.68 million of 0% notes due Sept. 22, 2025 linked to the performance of a WTI Crude Oil Futures Contract, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity finishes at or above its initial level, the payout at maturity will be par plus 117.5% of the commodity’s return.
If the commodity declines, investors will receive par.
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: | Notes
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Underlying commodity: | WTI Crude Oil Futures Contract
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Amount: | $2,678,000
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Maturity: | Sept. 22, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 117.5% of any contract gain; if commodity declines, par
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Initial level: | $89.66
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Pricing date: | Sept. 20
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Settlement date: | Sept. 25
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.75%
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Cusip: | 48133WQ92
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