By Marisa Wong
Los Angeles, July 6 – JPMorgan Chase Financial Co. LLC priced $5.38 million of 0% capped buffered return enhanced notes due April 21, 2022 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.
The payout at maturity will be par plus 1.5 times any index gain, capped at par plus 15.25%.
Investors will receive par if the index falls by up to 15%. Otherwise, investors will lose 1% for each 1% index decline beyond 15%.
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 500
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Amount: | $5.38 million
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Maturity: | April 21, 2022
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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 par plus 15.25%; par if the index falls by up to 15%; otherwise, 1% loss for each 1% index decline beyond 15%
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Initial level: | 3,115.34
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Pricing date: | June 18
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Settlement date: | June 23
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132MHB0
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