Chicago, Nov. 2 – JPMorgan Chase Financial Co. LLC priced $1.23 million of 0% digital contingent buffered notes due Nov. 20, 2024 linked to the first nearby month WTI Crude Oil Futures Contract,, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity gains or falls by no more than its 41.3% buffer the payout at maturity will be par plus 14%. The payout will be par less the decline in the commodity if it finishes below the contingent buffer.
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: | Digital contingent buffered notes
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Underlying commodity: | WTI Crude Oil Futures Contract
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Amount: | $1,225,000
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Maturity: | Nov. 20, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If commodity gains or declines but by no more than 41.3% buffer, par plus 14%; full exposure to the decline of commodity if it finishes below the contingent buffer
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Initial level: | $85.54
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Buffer level: | 58.7% of initial level
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Digital payment: | 14%
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Pricing date: | Oct. 27
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Settlement date: | Nov. 1
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133WU63
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