By Wendy Van Sickle
Columbus, Ohio, July 25 – JPMorgan Chase Financial Co. LLC priced $17.69 million of 0% digital equity notes due Jan. 26, 2021 linked to the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF finishes at or above 80% of its initial ETF level, the payout at maturity will be the threshold settlement amount of $1,139.50 per $1,000 of notes.
Otherwise, investors will lose 1.25% for each 1% decline in the ETF 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 ETF: | SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $17.69 million
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| Maturity: | Jan. 26, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF finishes at or above 80% threshold level, $1,139.50 per $1,000 of notes; otherwise, 1.25% loss per 1% drop beyond 20%
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| Initial level: | $35.18
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| Pricing date: | July 22
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| Settlement date: | July 25
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1.31%
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| Cusip: | 48132C4M2
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