By William Gullotti
Buffalo, N.Y., March 18 – JPMorgan Chase Financial Co. LLC priced $4.5 million of 0% uncapped dual directional accelerated barrier notes March 18, 2027 linked to the MerQube US Large-Cap Vol Advantage index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.75 times any index gain.
If the index falls but finishes at or above 58% of its initial level, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for each 1% decline of the index from its initial level.
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: | Uncapped dual directional accelerated barrier notes
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Underlying index: | MerQube US Large-Cap Vol Advantage
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Amount: | $4,503,000
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Maturity: | March 18, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes above initial level, par plus 1.75 times the index return; if the index declines but finishes at or above barrier level, par plus absolute value of the index return; otherwise, 1% loss for each 1% decline from initial level
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Initial index level: | 3,036.06
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Barrier level: | 1,760.9148; 58% of initial level
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Pricing date: | March 15
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Settlement date: | March 18
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Agent: | J.P. Morgan Securities LLC
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Fees: | 5%
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Cusip: | 48133DLK4
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