By William Gullotti
Buffalo, N.Y., Feb. 23 – JPMorgan Chase Financial Co. LLC priced $1.49 million of 0% digital buffered equity notes due Feb. 22, 2024 linked to the Euro Stoxx Banks 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 its initial level, the payout at maturity will be the greater of par plus 31.8% and par plus the index return.
If the index declines no farther than the 90% buffer level, the payout at maturity will be par.
Otherwise, investors will lose 1.1111% for every 1% index 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 buffered equity notes
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Underlying index: | Euro Stoxx Banks index
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Amount: | $1.49 million
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Maturity: | Feb. 22, 2024
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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 initial level, the greater of par plus 31.8% par plus the index return; if the index falls up to 10%, par; otherwise, 1.1111% loss for every 1% index decline beyond buffer
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Initial level: | 109.32
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Buffer level: | 90% of initial level
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Pricing date: | Feb. 17
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Settlement date: | Feb. 25
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48133DBL3
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