Kiku Steinfeld
Chicago, Oct. 19 – JPMorgan Chase Financial Co. LLC priced $157,000 of 0% capped barrier notes due Feb. 23, 2024, linked to the U.S. Global Jets 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 the gain, with the payout up to a maximum return of 51.5%.
If the ETF finishes flat or declines by up to 25%, the payout will be par. Otherwise, investors will be fully exposed to the decline.
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: | Capped barrier notes
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Underlying ETF: | U.S. Global Jets ETF
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Amount: | $157,000
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Maturity: | Feb. 23, 2024
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus any ETF gain, up to maximum return of 51.5%; par if ETF finishes flat or declines by up to 25%; otherwise, 1% loss for every 1% decline
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Initial value: | $22.56
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Barrier value: | $16.92, 75% of initial level
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Pricing date: | Feb. 18
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Settlement date: | Feb. 24
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.75%
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Cusip: | 48133DCX6
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