Chicago, Sept. 27 – JPMorgan Chase Financial Co. LLC priced $2.58 million of 0% capped accelerated barrier notes due March 28, 2024 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 1.5 times the gain, with the payout up to a maximum return of 94.25%.
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: | $2,576,000
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Maturity: | March 28, 2024
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 1.5 times any gain, up to maximum return of 94.25%; par if ETF finishes flat or declines by up to 30%; otherwise, 1% loss for every 1% decline
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Initial value: | $23.45
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Barrier value: | $16.415, 70% of initial level
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Pricing date: | March 23
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Settlement date: | March 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.95%
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Cusip: | 48132TGG5
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