By William Gullotti
Buffalo, N.Y., Oct. 16 – JPMorgan Chase Financial Co. LLC priced $5.02 million of notes due Oct. 12, 2027 linked to the J.P. Morgan Dynamic Blend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The 3.5% coupon will be paid in annual instalments for the first three years of the tenor.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 500% of the return.
Otherwise, investors will receive par.
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: | Notes
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| Underlying index: | J.P. Morgan Dynamic Blend index
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| Amount: | $5.02 million
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| Maturity: | Oct. 12, 2027
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| Coupon: | 3.5% per annum, paid annually for first three years of term
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| Price: | Par
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| Payout at maturity: | If final index level is greater than initial index level, par plus 500% of index return; otherwise, par
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| Initial level: | 147.05
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| Pricing date: | Oct. 6
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| Settlement date: | Oct. 12
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.75%
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| Cusip: | 48134A3Q6
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