Chicago, Jan. 31 – JPMorgan Chase Financial Co LLC priced $1.3 million of 0% digital notes due Jan. 23, 2025, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are linked to the one-year U.S. dollar SOFR ICE swap rate.
If the rate finishes above its initial level or declines by less than 46.05%, investors will receive par plus 15% at maturity.
Otherwise, investors will lose 1.85357% for each 1% decline in the rate beyond the 46.05% buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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 notes
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Amount: | $1.3 million
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Underlying rate: | One-year U.S. dollar SOFR ICE swap rate
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Maturity: | Jan. 23, 2025
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Price: | Par
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Coupon: | 0%
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Payout at maturity: | Par plus 15% if rate increases from initial level or declines not more than 46.05%; otherwise, 1.85357% loss for each 1% decline beyond 46.05% buffer
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Initial level: | 4.85%
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Buffer level: | 53.95% of initial level
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Buffer: | 46.05%
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Strike date: | Jan. 5
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Pricing date: | Jan. 8
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Settlement date: | Jan. 11
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Underwriter: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133WZ92
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