By William Gullotti
Buffalo, N.Y., April 12 – JPMorgan Chase Financial Co. LLC priced $1.31 million of 0% digital equity notes due April 9, 2025 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 32.44% and par plus the index return.
Investors will receive par if the index declines by up to 30% and will be fully exposed to loss if it declines beyond 30%.
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: | $1.31 million
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Maturity: | April 9, 2025
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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 32.44% and par plus the index return; par if index declines by no more than 30%; otherwise, 1% loss for every 1% decline from initial level
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Initial level: | 103.9
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Barrier level: | 70% of initial level
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Pricing date: | April 6
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Settlement date: | April 13
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48133VVQ0
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