By Sarah Lizee
Olympia, Wash., May 11 – JPMorgan Chase Financial Co. LLC priced $1.33 million of 0% digital contingent buffered notes due May 24, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index gains, finishes flat or falls by up to 20%, payout at maturity will be par plus 12%. Otherwise, investors will be exposed to the index’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: | Digital contingent buffered notes
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Underlying index: | S&P 500 index
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Amount: | $1.33 million
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Maturity: | May 24, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 12% unless index falls by more than 20%, in which case full exposure to decline from the initial level
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Initial level: | 2,848.42
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Barrier level: | 80% of initial level
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Final level: | Average of index closing levels for five trading days ending May 19, 2021
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Pricing date: | May 7
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Settlement date: | May 12
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48132K7B5
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