By Wendy Van Sickle
Columbus, Ohio, Aug. 2 – JPMorgan Chase Financial Co. LLC priced $13.11 million of 0% digital equity notes due Aug. 21, 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 11.65% and par plus the index return.
Investors will receive par if the index declines by up to 20% and will lose 1.25% for each 1% decline beyond 20%.
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: | $13.11 million
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Maturity: | Aug. 21, 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 11.65% and par plus the index return; par if index declines by no more than 20%; otherwise, 1.25% loss for each 1% decline beyond 20%
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Initial level: | 109.88
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Pricing date: | July 17
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Settlement date: | July 24
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.08%
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Cusip: | 48133YAB0
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