By William Gullotti
Buffalo, N.Y., Nov. 21 – JPMorgan Chase Financial Co. LLC priced $1.03 million of 0% digital equity notes due Oct. 31, 2023 linked to the iShares Semiconductor ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF finishes at or above 85% of its initial level, the payout at maturity will par plus 19.7%.
Otherwise, investors will lose 1.1765% for every 1% of ETF decline beyond 15%.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
|
| Issue: | Digital equity notes
|
| Underlying fund: | iShares Semiconductor ETF
|
| Amount: | $1,025,000
|
| Maturity: | Oct. 31, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF finishes at or above 85% of initial level, par plus 19.7%; otherwise, 1.1765% loss for every 1% ETF decline beyond 15%
|
| Initial level: | $330.02
|
| Threshold level: | 85% of initial level
|
| Pricing date: | Sept. 27
|
| Settlement date: | Oct. 4
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.08%
|
| Cusip: | 48133NGG7
|
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