By William Gullotti
Buffalo, N.Y., Aug. 4 – JPMorgan Chase Financial Co. LLC priced $4 million of 0% digital equity notes due Nov. 3, 2023 linked to the Energy Select Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes at or above 90% of its initial level, the payout at maturity will be par plus 25.1%.
Otherwise, investors will lose 1.1111% for every 1% decline beyond 10%.
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: | Digital equity notes
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Underlying index: | Energy Select Sector index
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Amount: | $3,995,000
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Maturity: | Nov. 3, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above 90% of its initial level, par plus 25.1%; otherwise, lose 1.1111% for every 1% decline beyond 10%
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Initial level: | 805.82
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Pricing date: | Aug. 1
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Settlement date: | Aug. 8
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.92%
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Cusip: | 48133L5K4
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