By Kiku Steinfeld
Chicago, Feb. 7 – JPMorgan Chase Financial Co. LLC priced $185,000 of 0% uncapped barrier notes due Sept. 3, 2026 linked to the J.P. Morgan Kronos+ index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial value, the payout at maturity will be par plus the gain.
If the index finishes flat or declines by up to 20%, the payout will be par. Otherwise, investors will be fully exposed to any index decline below the initial level.
The agent is J.P. Morgan Securities LLC.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Uncapped barrier notes
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Underlying index: | J.P. Morgan Kronos+ index
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Amount: | $185,000
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Maturity: | Sept. 3, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, par if index finishes flat or declines by up to 20%; otherwise, 1% loss for every 1% index decline below the initial level
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Initial value: | 234.22
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Barrier value: | 187.376; 80% of initial level
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Pricing date: | Aug. 31
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Settlement date: | Sept. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 48132UR88
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