By William Gullotti
Buffalo, N.Y., Aug. 11 – JPMorgan Chase Financial Co. LLC priced $6.69 million of 0% review notes due Aug. 11, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 7.5% per year if the index closes at or above its initial level on any quarterly review date after one year.
If the index finishes below its initial level but at or above the 80% buffer level, the payout at maturity will be par. Otherwise, investors will lose 1.25% for every 1% decline in the index below the buffer.
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: | Review notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $6,687,000
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Maturity: | Aug. 11, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above buffer level, par; otherwise, investors will lose 1.25% for every 1% decline in the index beyond 20%
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Call: | Automatically at par plus call premium of 7.5% per year if index closes at or above its initial level on any quarterly review date after one year
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Initial level: | 4,174.54
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Buffer level: | 80% of initial level
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Pricing date: | Aug. 6
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Settlement date: | Aug. 11
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132WAT6
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