By William Gullotti
Buffalo, N.Y., April 7 – JPMorgan Chase Financial Co. LLC priced $3.25 million of 0% jump securities due April 13, 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.
At maturity, if the index finishes at or above its initial level, the payout will be par of $10 plus 11.5%.
Otherwise, investors will be fully exposed to any decline.
J.P. Morgan Securities LLC is the agent with Morgan Stanley Wealth Management handling distribution.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Jump securities
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Underlying index: | S&P 500 index
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Amount: | $3.25 million
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Maturity: | April 13, 2023
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the index finishes above its initial level, par plus 11.5%; otherwise, investors lose 1% for each 1% decline from initial level
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Initial level: | 4,530.41
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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 with Morgan Stanley Wealth Management handling distribution
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Fees: | 2.25%
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Cusip: | 48133B542
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