By Kiku Steinfeld
Chicago, Oct. 20 – JPMorgan Chase Financial Co. LLC priced $275,000 of 0% review notes due Feb. 23, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called automatically at par plus 9.75% per year if the index closes at or above its initial value on any annual review date.
If the notes are not called, meaning the index closes below its initial level, investors will lose 1% for every 1% loss of the index.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Review notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $275,000
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Maturity: | Feb. 23, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | 1% for every 1% loss of the index at maturity if notes are not called
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Initial level: | 4,074.28
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Call: | Automatically at par plus 9.75% per year if the index closes at or above its initial value on any annual review date
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Pricing date: | Feb. 18
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Settlement date: | Feb. 24
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3.5%
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Cusip: | 48133DDR8
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