Chicago, June 26 – JPMorgan Chase Financial Co. LLC priced $6.06 million 0% enhanced trigger jump securities due Sept. 20, 2024 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 price, the payout at maturity will be par plus the upside payment of 15.75%.
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 price.
J.P. Morgan Securities LLC is the agent. Morgan Stanley Wealth Management structured the notes.
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: | $6,059,000
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Maturity: | Sept. 20, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If final commodity price is at least 60% of the initial price, par plus 15.75%; otherwise, 1% loss per 1% decline from initial price
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Initial price: | $68.09
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Trigger level: | $40.854; 60% of initial level
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Pricing date: | May 31
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Settlement date: | June 5
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Agent: | J.P. Morgan Securities LLC with Morgan Stanley Wealth Management as structurer
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Fees: | 2.25%
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Cusip: | 48133U7M8
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