By Sarah Lizee
Olympia, Wash., July 14 – JPMorgan Chase Financial Co. LLC sold $1.45 million of 0% capped buffered return enhanced notes due Jan. 13, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 2 times any index gain, up to a maximum payout of par plus 15.25%.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% 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: | Russell 2000
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Amount: | $1,445,000
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Maturity: | Jan. 13, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2 times any index gain, capped at 15.25%; par if index falls by up to buffer; 1% loss for every 1% decline beyond buffer
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Initial index level: | 1,422.679
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Buffer level: | 85% of initial level
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Pricing date: | July 10
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Settlement date: | July 15
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132MPS4
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