By William Gullotti
Buffalo, N.Y., Feb. 23 – JPMorgan Chase Financial Co. LLC priced $2.65 million of 0% digital equity notes due Feb. 20, 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 flat or gains, the payout at maturity will be the greater of par plus 42.34% and par plus the index return.
Investors will be exposed to any losses.
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: | Euro Stoxx Banks index
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Amount: | $2.65 million
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Maturity: | Feb. 20, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is zero or positive, the greater of par plus 42.34% and par plus the return; otherwise, full exposure to decline
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Initial level: | 112.44
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Strike date: | Feb. 15
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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: | 48133DDG2
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