By Marisa Wong
Morgantown, W.Va., June 19 – JPMorgan Chase Financial Co. LLC priced $2.7 million of capped buffered return enhanced notes due June 9, 2020 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 above its initial value, the payout at maturity will be par plus 1.5 times any gain with the payout capped at par plus 10.5%.
If the index finishes flat or declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
The agent is J.P. Morgan Securities LLC.
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 stock: | S&P 500 index
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Amount: | $2.7 million
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Maturity: | June 9, 2020
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 10.5%; par if index finishes flat or falls by up to 10%; exposure to losses beyond 10%
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Initial value: | 2,802.39
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Pricing date: | May 28
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Settlement date: | May 31
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Agents: | J.P. Morgan Securities LLC
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Fees: | 0.15%
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Cusip: | 48132CNY5
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