New York, Oct. 31 – JPMorgan Chase Financial Co. LLC priced $1.5 million of 0% capped buffered equity notes due Nov. 5, 2024 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains, the payout at maturity will be par plus the return of the ETF, capped at par plus 23.35%.
The payout will be par if the ETF declines by no more than 15%. Otherwise, investors will lose 1% for every 1% that the ETF declines beyond 15%.
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: | Capped buffered equity notes
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| Underlying ETF: | Energy Select Sector SPDR Fund
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| Amount: | $1.5 million
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| Maturity: | Nov. 5, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF gains, par plus ETF return, capped at par plus 23.35%; par if ETF declines by no more than 15%; otherwise, 1% loss for every 1% that ETF declines beyond 15%
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| Initial level: | $87.39
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| Cap: | 23.35%
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| Buffer: | 15%
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| Pricing date: | Oct. 25
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| Settlement date: | Oct. 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.6%
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| Cusip: | 48134BZF3
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