By William Gullotti
Buffalo, N.Y., July 21 – JPMorgan Chase Financial Co. LLC priced $1.55 million of 0% digital buffered notes due July 31, 2024 linked to Brent Crude Oil Futures Contracts, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the commodity finishes at or above its buffer level, 70% of initial level, the payout at maturity will be par plus 11.05%.
Otherwise, investors will lose 1.42857% for every 1% of decline in commodity price beyond 30%.
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: | Digital buffered notes
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Underlying commodity: | Brent Crude Oil Futures Contracts
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Amount: | $1.55 million
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Maturity: | July 31, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If commodity finishes at or above buffer level, par plus 11.05%; otherwise, 1.42857% loss for every 1% commodity decline beyond buffer
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Initial level: | $78.47
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Buffer level: | 70% of initial level
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Pricing date: | July 7
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Settlement date: | July 12
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133WF29
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