Chicago, Feb. 2 – JPMorgan Chase Financial Co. LLC priced $1.65 million of 0% digital notes due Jan. 24, 2025 linked to the one-year U.S. dollar SOFR ICE swap rate, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the swap rate finishes at or above 55.35% of its initial value, the payout at maturity will be par plus the contingent digital return of 15%.
Otherwise, investors will lose 1.80668% for every 1% that the rate declines beyond 44.65%.
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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Underlying rate: | One-year U.S. dollar SOFR ICE swap rate
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Amount: | $1,650,000
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Maturity: | Jan. 24, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the swap rate finishes at or above 55.35% of its initial value, par plus 15%; otherwise, lose 1.80668% for every 1% that the rate declines beyond 44.65%
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Initial rate: | 4.843%
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Buffer level: | 55.35% of initial level
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Buffer rate: | 44.65% of initial rate
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Strike date: | Jan. 8
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Pricing date: | Jan. 9
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Settlement date: | Jan. 12
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133W2E7
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