By Marisa Wong
Los Angeles, Sept. 1 – JPMorgan Chase Financial Co. LLC priced $1.27 million 0% capped contingent buffered equity notes due Aug. 31, 2023 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus any ETF gain, capped at 55.75%. If the ETF finishes flat or falls by up to 30%, the payout will be par. Otherwise, investors will be exposed to the ETF’s decline from its initial level.
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 contingent buffered notes
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| Underlying ETF: | iShares MSCI Emerging Markets ETF
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| Amount: | $1.27 million
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| Maturity: | Aug. 31, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any ETF gain, capped at 55.75%; par if ETF finishes flat or falls by up to 30%; otherwise, full exposure to ETF decline from the initial level
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| Initial value: | $45.34
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| Pricing date: | Aug. 26
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| Settlement date: | Aug. 31
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | None
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| Cusip: | 48132MH53
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