By William Gullotti
Buffalo, N.Y., Oct. 20 – JPMorgan Chase Financial Co. LLC priced $1.26 million of 0% digital equity notes due Aug. 15, 2025 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above 82.5% of initial level, the payout at maturity will be par plus 16.78%.
Otherwise, investors will lose 1.2121% for every 1% that the index declines beyond 17.5%.
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 equity notes
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| Underlying index: | MSCI EAFE index
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| Amount: | $1.26 million
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| Maturity: | Aug. 15, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above 82.5% of initial level, par plus 16.78%; otherwise, 1.2121% loss for every 1% decline beyond 17.5%
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| Initial level: | 2,012.68
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| Buffer level: | 82.5% of initial level
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| Pricing date: | Oct. 13
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| Settlement date: | Oct. 20
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48134BTE3
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