By Wendy Van Sickle
Columbus, Ohio, Aug. 2 – JPMorgan Chase Financial Co. LLC priced $4.51 million of 0% autocallablle buffered return enhanced notes due June 8, 2023 linked to the SPDR S&P Bank ETF, according to a 424B2 filed with the Securities and Exchange Commission.
The nots will be called at par plus a 12.15% call premium if the ETF closes above its initial level on June 14, 2022.
The payout at maturity will be par plus 1.5 times any ETF gain.
Investors will receive par if the ETF falls by up to 20% and will lose 1% for each 1% decline beyond 20%.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Autocallablle buffered return enhanced notes
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Underlying ETF: | SPDR S&P Bank ETF
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Amount: | $4.51 million
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Maturity: | June 8, 2023
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Coupon: | 0%
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Price: | Par
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Call: | At par plus a 12.15% call premium if the ETF closes above its initial level on June 14, 2022
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Payout at maturity: | Par plus 1.5 times any ETF gain; par if ETF declines by 20% or less; otherwise, lose 1% for each 1% decline beyond 20%
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Initial value: | $55.05
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Buffer level: | 80% of initial level
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Pricing date: | June 4
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Settlement date: | June 9
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48132UKH5
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