By William Gullotti
Buffalo, N.Y., July 9 – JPMorgan Chase Financial Co. LLC priced $877,000 of 0% uncapped accelerated barrier notes due May 29, 2026 linked to the lesser performing of the ARK Innovation ETF and the ARK Genomic Revolution ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each ETF finishes at or above its initial level, the payout at maturity will be par plus 1.1 times the return of the worst performing ETF.
If any ETF falls but each ETF finishes at or above the 60% barrier level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing ETF.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Uncapped accelerated barrier notes
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Underlying ETFs: | ARK Innovation ETF, ARK Genomic Revolution ETF
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Amount: | $877,000
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Maturity: | May 29, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each ETF finishes at or above its initial level, par plus 1.1 times the return of the worst performing ETF; if any ETF falls but all ETFs finish at or above the barrier level, par; otherwise, investors will be fully exposed to the decline of the worst performing ETF
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Initial ETF levels: | $109.38 for Innovation, $79.48 for Genomic Revolution
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Barrier levels: | $65.628 for Innovation, $47.688 for Genomic Revolution; 60% of initial levels
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Pricing date: | May 25
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Settlement date: | May 28
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4.12357%
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Cusip: | 48132T3U8
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