By Marisa Wong
Morgantown, W.Va., Sept. 5 – JPMorgan Chase Financial Co. LLC priced $588,000 of capped buffered return enhanced notes due Aug. 30, 2019 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index closes at or above its initial value, the payout at maturity will be par plus 2 times any gain with the payout capped at par plus 20.8%.
If the index 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 index: | Russell 2000
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Amount: | $588,000
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Maturity: | Aug. 30, 2019
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 2 times return of index, capped at par plus 20.8%; par if index declines by up to 10%; exposure to losses beyond 10%
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Initial value: | 1,382.229
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Pricing date: | Aug. 28
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Settlement date: | Aug. 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 46647MMX8
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