By William Gullotti
Buffalo, N.Y., March 12 – JPMorgan Chase Financial Co. LLC priced $9.6 million of 0% digital equity notes due April 9, 2025 linked to the Russell 2000 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 initial level, the payout at maturity will be par plus 11%.
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: | Russell 2000 index
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Amount: | $9,595,000
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Maturity: | April 9, 2025
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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 90% of initial level, par plus 11%; otherwise, 1.1111% loss for every 1% decline beyond 10%
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Initial level: | 2,068.089
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Buffer level: | 90% of initial level
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Pricing date: | March 6
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Settlement date: | March 13
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.09%
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Cusip: | 48134WZN0
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