New York, July 28 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% uncapped accelerated barrier notes due July 26, 2028 linked to the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 235% of the return of the index.
The payout will be par if the index declines but finishes at or above its 65% barrier. Otherwise, investors will lose 1% for every 1% that the index declines from initial level.
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: | Uncapped accelerated barrier notes
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| Underlying index: | Nikkei 225 index
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| Amount: | $1 million
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| Maturity: | July 26, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 235% of index return; par if index declines but finishes at or above its downside barrier; otherwise, 1% loss for every 1% that index declines from initial level
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| Initial level: | 32,304.25
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| Upside leverage: | 235%
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| Barrier: | 20,997.7625, 65% of initial level
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| Pricing date: | July 21
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| Settlement date: | July 26
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 3.25%
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| Cusip: | 48133YCU6
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