By William Gullotti
Buffalo, N.Y., Aug. 4 – JPMorgan Chase Financial Co. LLC priced $49.62 million of 0% digital equity notes due Feb. 5, 2024 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 at or above 90% of its initial level, the payout at maturity will be par plus 16.05%.
Otherwise, investors will lose 1.1111% for every 1% that the index declines beyond 10%.
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 equity notes
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Underlying index: | S&P 500 index
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Amount: | $49,616,000
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Maturity: | Feb. 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above threshold level, par plus 16.05%; otherwise, lose 1.1111% for every 1% drop beyond threshold
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Initial level: | 4,118.63
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Threshold level: | 90% of initial level
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Pricing date: | Aug. 1
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Settlement date: | Aug. 8
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.11%
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Cusip: | 48133L5M0
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