By Wendy Van Sickle
Columbus, Ohio, Feb. 14 – JPMorgan Chase Financial Co. LLC priced $24.22 million 0% enhanced trigger jump securities due May 22, 2023 linked to the WTI crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
If the final commodity level is at least 60% of the initial level, the payout at maturity will be par plus the upside payment of 17%.
If the final commodity level is less than the 60% trigger level, investors will be fully 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: | Enhanced trigger jump securities
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Underlying rate: | WTI crude oil futures contracts
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Amount: | $24,219,000
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Maturity: | May 22, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If final commodity level is at least 60% of the initial level, par plus 17%; otherwise, 1% loss per 1% decline
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Initial price: | $92.31
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Trigger level: | $55.386; 60% of initial level
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Pricing date: | Feb. 4
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Settlement date: | Feb. 9
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.25%
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Cusip: | 48130UA88
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