By Kiku Steinfeld
Chicago, Feb. 9 – JPMorgan Chase Financial Co. LLC priced $589,000 of 0% capped accelerated barrier notes due Jan. 31, 2023 linked to the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF finishes above its initial value, the payout at maturity will be par plus two times the gain, with the payout capped at par plus 60%.
If the ETF finishes flat or declines by up to 30%, the payout will be par. Otherwise, investors will be fully exposed to any ETF decline below the initial level.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped accelerated barrier notes
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| Underlying ETF: | ARK Innovation ETF
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| Amount: | $589,000
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| Maturity: | Jan. 31, 2023
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| Coupon: | 0%
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| Price: | Par of $1,000
|
| Payout at maturity: | Par plus 2 times any ETF gain, capped at par plus 60%; par if ETF finishes flat or declines by up to 30%; otherwise, 1% loss for every 1% ETF decline below the initial level
|
| Initial value: | $141.83
|
| Barrier value: | $99.281, 70% of initial level
|
| Pricing date: | Jan. 26
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| Settlement date: | Jan. 29
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 2.5%
|
| Cusip: | 48132RLS7
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