By William Gullotti
Buffalo, N.Y., July 14 – JPMorgan Chase Financial Co. LLC priced $5.42 million of 0% uncapped dual directional buffered return enhanced notes due July 5, 2024 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.12 times the return of the least performing index.
If the worst performer declines but finishes at or above 90% of initial level, the payout will be par plus the absolute value of that index’s return.
Otherwise, investors will lose 1% for every 1% decline of the worst performer below 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: | Uncapped dual directional buffered return enhanced notes
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Underlying indexes: | S&P 500 index, Russell 2000 index
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Amount: | $5,419,000
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Maturity: | July 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 1.12 times the return of the worst performer; if worst performer declines up to 10%, par plus absolute value of return of that index; otherwise, 1% loss for every 1% decline of worst performer below 10%
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Initial levels: | 3,785.38 for S&P, 1,707.99 for Russell
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Buffer levels: | 90% of initial levels
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Pricing date: | June 30
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Settlement date: | July 6
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.16365%
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Cusip: | 48133GRD7
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