By William Gullotti
Buffalo, N.Y., Oct. 5 – JPMorgan Chase Financial Co. LLC priced $10 million of 0% review notes due Oct. 2, 2026 linked to the performance of the stocks of Twitter, Inc., DoorDash, Inc. and Facebook, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 21.15% if each stock closes at or above its applicable call level on any annual review date. The call level will be 100% of the initial level for each stock for each date except the final one when it will be 60% of each stock’s initial level.
If each stock finishes at or above its 60% trigger level, the notes will be called at par plus 105.75%.
If the notes are not called, investors will lose 1% for every 1% decline of the worst performer from its initial level.
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: | Review notes
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Underlying stocks: | Twitter, Inc., DoorDash, Inc., Facebook, Inc.
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Amount: | $10 million
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Maturity: | Oct. 2, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each stock finishes at or above trigger level, the notes will be called at par plus 105.75%; otherwise, 1% loss for each 1% decline of worst performing stock from its initial level
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Call: | At par plus 21.15% per year if each stock closes at or above call level on annual review date; call level will be 100% of the initial level for each stock for each date except the final one when it will be 60% of each stock’s initial level
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Initial levels: | $62.45 for Twitter, $206.32 for DoorDash, $340.65 for Facebook
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Trigger levels: | 60% of initial levels
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Strike date: | Sept. 28
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Pricing date: | Sept. 29
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Settlement date: | Oct. 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48132W5N5
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