By Sarah Lizee
Olympia, Wash., May 1 – JPMorgan Chase Financial Co. LLC priced $783,000 of 0% capped contingent buffered equity notes due April 29, 2025 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 at or above its initial level, the payout at maturity will be par plus the greater of 15% and the return of the index, capped at 63%.
Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline from the initial level if the index falls by more than the contingent buffer.
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 contingent buffered equity notes
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Underlying index: | S&P 500
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Amount: | $783,000
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Maturity: | April 29, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index finishes at or above its initial level, par plus the greater of 15% and the return of the index, capped at 63%; par if the index falls by up to 20%; 1% loss for each 1% decline from the initial level if the index falls by more than the contingent buffer
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Initial level: | 2,836.74
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Contingent buffer level: | 80% of initial level
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Pricing date: | April 24
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Settlement date: | April 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 4%
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Cusip: | 48132KVH5
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