By Wendy Van Sickle
Columbus, Ohio, Sept. 16 – JPMorgan Chase Financial Co. LLC priced $250,000 of 0% digital barrier notes due July 28, 2022 linked to theARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes at or above its initial level, the payout at maturity will be par plus the digital return of 8%.
If the ETF declines by no more than 30%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the ETF from its initial level.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Digital barrier notes
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| Underlying ETF: | ARK Innovation ETF
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| Amount: | $250,000
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| Maturity: | July 28, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF finishes at or above its initial level, par plus 8%; if ETF declines by no more than 30%, par; otherwise, full exposure to any losses
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| Initial level: | $125.49
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| Barrier level: | $87.843; 70% of initial level
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| Pricing date: | June 25
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| Settlement date: | June 30
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.4%
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| Cusip: | 48132UPG2
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