By William Gullotti
Buffalo, N.Y., Dec. 28 – JPMorgan Chase Financial Co. LLC priced $9.75 million of 0% digital equity notes due March 19, 2025 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 80% of initial level, the payout at maturity will be par plus 24.17%.
Otherwise, investors will lose 1.25% for each 1% decline beyond 20%.
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: | $9.75 million
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Maturity: | March 19, 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 80% of initial level, par plus 24.17%; otherwise, lose 1.25% for each 1% decline beyond 20%
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Initial level: | 4,026.12
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Pricing date: | Nov. 25
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Settlement date: | Dec. 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48133P3Y7
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