By Taylor Fox
New York, Nov. 23 – JPMorgan Chase Financial Co. LLC priced $696,000 of 0% autocallable contingent buffered equity notes due Nov. 9, 2023 linked to the least performing of the S&P 500 index, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will be called at par plus a 9% annual call premium if each index closes at or above its initial level on any monthly call date starting after six months.
If each index finishes above its initial level, the payout at maturity will be par plus the least-performing index’s gain.
If any index falls but no index declines by more than 30%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the least-performing index from its initial level.
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: | Autocallable contingent buffered equity notes
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Underlying indexes: | S&P 500, Nasdaq-100 and Dow Jones industrial average
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Amount : | $696,000
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Maturity: | Nov. 9, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If not called and each index finishes above its initial level, par plus least-performing index’s gain; if any index falls by up to 30%, par; otherwise, 1% loss for each 1% decline of least-performing index from initial level
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Call: | At plus a call premium at an annual rate of 9% if each index closes above its initial level on any monthly review date starting after six months
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Initial levels: | 28,390.18 for Dow, 12,078.07 for Nasdaq, 3,510.45 for S&P
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Buffer levels: | 70% of initial levels
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Pricing date: | Nov. 5
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Settlement date: | Nov. 10
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.95%
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Cusip: | 48132PSR6
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