Chicago, Nov. 28 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% digital contingent buffered notes due Jan. 31, 2025 linked to a Brent crude oil futures contract, according to a 424B2 filing with the Securities and Exchange Commission.
If the commodity gains or falls by no more than 40% the payout at maturity will be par plus 14.4%. The payout will be par less the decline in the commodity if it finishes below the contingent buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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: | $1,000,000
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Maturity: | Jan. 31, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If commodity gains or declines but by no more than 40%, par plus 14.4%; full exposure to the decline of commodity if it finishes below the contingent buffer
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Initial level: | $82.81
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Digital payment: | 14.4%
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Contingent buffer level: | 60%
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Strike date: | Nov. 20
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Pricing date: | Nov. 21
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Settlement date: | Nov. 27
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133WX29
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