By William Gullotti
Buffalo, N.Y., Feb. 14 – JPMorgan Chase Financial Co. LLC priced $1.78 million of 0% capped buffered return enhanced notes due Aug. 14, 2024 linked to the S&P MidCap 400 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of par plus 29.25%.
Investors will receive par if the index falls by up to 15% and will lose 1.17647% for each 1% decline beyond 15%.
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: | Capped buffered return enhanced notes
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Underlying index: | S&P MidCap 400 index
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Amount: | $1.78 million
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Maturity: | Aug. 14, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, capped at 29.25%; par if index declines by 15% or less; otherwise, lose 1.17647% for every 1% decline beyond 15%
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Initial value: | 2,721.54
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Buffer level: | 85% of initial level
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Pricing date: | Feb. 9
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Settlement date: | Feb. 14
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48133CZ21
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