By William Gullotti
Buffalo, N.Y., Feb. 25 – JPMorgan Chase Financial Co. LLC priced $5.33 million 0% enhanced trigger jump securities due Aug. 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 50% of the initial price, the payout at maturity will be par plus the upside payment of 15.25%.
If the final commodity level is less than the 50% trigger level, investors will be fully exposed to the commodity’s decline from its initial 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: | Enhanced trigger jump securities
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Underlying commodity: | WTI crude oil futures contracts
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Amount: | $5.33 million
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Maturity: | Aug. 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 price is at least 50% of the initial price, par plus 15.25%; otherwise, 1% loss per 1% decline from initial price
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Initial price: | $92.31
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Trigger level: | $45.535; 50% of initial level
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Pricing date: | Feb. 18
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Settlement date: | Feb. 24
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.5%
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Cusip: | 48130UB95
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