Chicago, Dec. 10 – JPMorgan Chase Financial Co. LLC priced $215,000 of capped buffered return enhanced notes due March 31, 2023 linked to the iShares Global Clean Energy ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF return is positive, the payout at maturity will be par plus 2 times any gain, capped at par plus 54.75%.
If the ETF declines by up to 10%, the payout will be par. Investors will lose 1% for each 1% decline beyond 10%.
If JPMorgan profits on risks inherent in hedging the obligations under the notes, the bank may use the profits to offset a portion of the bank’s donations to The Nature Conservancy.
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: | Capped buffered return enhanced notes
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Underlying ETF: | iShares Global Clean Energy ETF
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Amount: | $215,000
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Maturity: | March 31, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the ETF return is positive, the payout at maturity will be par plus 2 times any gain, capped at par plus 54.75%; if the ETF declines by up to 10%, the payout will be par. Investors will lose 1% for each 1% decline beyond 10%
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Initial level: | $24.30
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Buffer level: | 90% of initial level
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Pricing date: | March 31
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Settlement date: | April 6
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.36628%
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Cusip: | 48132RN63
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