By William Gullotti
Buffalo, N.Y., March 11 – JPMorgan Chase Financial Co. LLC priced $2.03 million of 0% digital contingent buffered notes due March 31, 2023 linked to the performance of a Brent Crude Oil Futures Contract, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the commodity gains, finishes flat or falls by up to 50%, payout at maturity will be par plus 11.15%. Otherwise, investors will be exposed to the commodity’s decline from its initial level.
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: | Digital contingent buffered notes
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Underlying commodity: | Brent Crude Oil Futures Contract
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Amount: | $2.03 million
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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: | Par plus 11.15% unless commodity falls by more than 50%, in which case full exposure to decline from the initial level
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Initial price level: | $118.11
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Barrier level: | 50% of initial level
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Strike date: | March 4
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Pricing date: | March 7
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Settlement date: | March 10
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133DD23
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