Chicago, Jan. 27 – JPMorgan Chase Financial Co. LLC priced $2 million of 0% digital contingent buffered notes due Feb. 1, 2024 linked to the iShares Core MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains or falls by no more than its 25% buffer the payout at maturity will be par plus 8.5%. The payout will be par less the decline in the ETF if it finishes below the contingent buffer.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Digital contingent buffered notes
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| Underlying ETF: | iShares Core MSCI EAFE ETF
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| Amount: | $2 million
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| Maturity: | Feb. 1, 2024
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If ETF gains or declines but by no more than 25% buffer, par plus 8.5%; full exposure to the decline of ETF if it finishes below the contingent buffer
|
| Initial level: | $66.61
|
| Digital payment: | 8.5%
|
| Contingent buffer: | 25%
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| Trike date: | Jan. 20
|
| Pricing date: | Jan. 23
|
| Settlement date: | Jan. 26
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.85%
|
| Cusip: | 48133T3M5
|
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