By Kiku Steinfeld
Chicago, May 25 – JPMorgan Chase Financial Co. LLC priced $560,000 of 0% capped accelerated barrier notes due April 28, 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 finishes above its initial value, the payout at maturity will be par plus twice the gain, with the payout up to a maximum return of 36%.
If the ETF finishes flat or declines by up to 30%, the payout will be par. Otherwise, investors will be fully exposed to any 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 accelerated barrier notes
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| Underlying ETF: | iShares Global Clean Energy ETF
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| Amount: | $560,000
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| Maturity: | April 28, 2023
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus twice any gain, up to maximum return of 36%; par if ETF finishes flat or declines by up to 30%; otherwise, 1% loss for every 1% decline
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| Initial value: | $23.24
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| Barrier value: | $16.268, 70% of initial level
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| Pricing date: | April 30
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| Settlement date: | May 5
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.25%
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| Cusip: | 48132TNE2
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