New York, Aug. 10 – JPMorgan Chase Financial Co. LLC priced $1 million of yield notes due Aug. 2, 2023 linked to the class A common stock of Meta Platforms, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.25%, paid monthly.
If the stock finishes at or above 70% of initial level, the payout at maturity will be par plus the coupon. Otherwise, investors will lose 1% for every 1% decline in the stock beyond 30%.
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: | Yield notes
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| Underlying stock: | Meta Platforms, Inc.
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| Amount: | $1 million
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| Maturity: | Aug. 2, 2023
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| Coupon: | 8.25%, paid monthly
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| Price: | Par
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| Payout at maturity: | If stock finishes at or above 70% of initial level, par; otherwise, 1% loss for every 1% decline of stock beyond 30%
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| Initial level: | $157.84
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| Buffer: | 30%
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| Strike date: | July 28
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| Pricing date: | July 29
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| Settlement date: | Aug. 3
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 2%
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| Cusip: | 48133LJ94
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