By Wendy Van Sickle
Columbus, Ohio, Aug. 25 – JPMorgan Chase Financial Co. LLC priced $6.5 million of 0% digital buffered notes due Sept. 5, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains or declines but by no more than its 15% buffer the payout at maturity will be par plus 9%. Investors will lose 1.7647% for every 1% the index declines beyond its buffer.
The notes are non-callable.
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: | Digital buffered notes
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Underlying index: | S&P 500 index
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Amount: | $6.5 million
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Maturity: | Sept. 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains or declines but by no more than 15% buffer, par plus 9%; 1.7647% loss for every 1% that index declines beyond the buffer
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Initial level: | 4,369.71
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Buffer: | 15%
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Call: | Non-callable
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Pricing date: | Aug. 18
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Settlement date: | Aug. 21
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48134AHQ1
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