By Wendy Van Sickle
Columbus, Ohio, April 7 – JPMorgan Chase Financial Co. LLC priced $9.07 million of 0% capped accelerated barrier notes due Jan. 6, 2023 linked to the S&P 500 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 200% of the gain, with the payout capped at par plus 8%.
If the index finishes flat or declines by up to 15%, 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: | Capped accelerated barrier notes
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Underlying index: | S&P 500 index
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Amount: | $9,066,000
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Maturity: | Jan. 6, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any index gain, capped at par plus 8%; par if index finishes flat or declines by up to 15%; otherwise, 1% loss for every 1% index decline below the initial level
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Initial value: | 4,530.41
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Barrier value: | 3,850.8485; 85% of initial level
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Pricing date: | March 31
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Settlement date: | April 5
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48133D7K0
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