New York, March 14 – JPMorgan Chase Financial Co. LLC priced $2.82 million of 0% notes due March 16, 2020 linked to the Bloomberg Commodity Index 3 Month Forward, 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 95.45% of par plus an additional amount. The additional amount is equal to the index return, subject to a floor of zero.
Investors will receive a positive return only if the index gains by at least 4.55%, but investors will receive at least 95.45% of par at maturity.
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: | Notes
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| Underlying index: | Bloomberg Commodity Index 3 Month Forward
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| Amount: | $2.82 million
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| Maturity: | March 16, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | 95.45% of par plus an additional amount equal to the index return subject to a floor of zero
|
| Initial level: | 210.2685
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| Pricing date: | March 9
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| Settlement date: | March 14
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.5%
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| Cusip: | 46647MQW6
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