Chicago, Dec. 4 – JPMorgan Chase Financial Co. LLC priced $10 million of 0% digital barrier notes due Dec. 19, 2024 linked to 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 finishes at or above its barrier level, 60% of initial level, the payout at maturity will be par plus 12.75%.
Otherwise, investors will lose 1% for every 1% of decline in the commodity price.
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 barrier notes
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Underlying commodity: | WTI Crude Oil Futures Contract
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Amount: | $10,004,000
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Maturity: | Dec. 19, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If commodity finishes at or above barrier level, par plus 12.75%; otherwise, 1% loss for every 1% commodity decline from initial level
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Initial level: | $77.83
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Barrier level: | 60% of initial level
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Strike date: | Nov. 20
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Pricing date: | Nov. 28
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Settlement date: | Dec. 1
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133WX37
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