By Kiku Steinfeld
Chicago, Nov. 18 – JPMorgan Chase Financial Co. LLC priced $2.43 million of 0% capped lookback buffered return enhanced notes due May 5, 2022 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The initial index level will be the lowest closing level of the index during the period from and including the pricing date to and including Nov. 5, but it will not be greater than the closing level of the index on the pricing date.
The payout at maturity will be par plus 1.25 times any index gain, capped at par plus 15%.
If the index finishes flat or falls by up to 7.75%, the payout with be par.
Investors will be exposed to any losses beyond the 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 lookback buffered return enhanced notes
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Underlying index: | S&P MidCap 400
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Amount: | $2,430,000
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Maturity: | May 5, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.25 times any index gain, capped at par plus 15%; par if index finishes flat or falls by up to 7.75%, exposure to any losses beyond buffer
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Initial index level: | Lowest closing level of index during period from and including pricing date to and including Nov. 5; will be no greater than 1,900.18
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Buffer level: | 92.25% of initial level
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Final index level: | Closing level of index on May 2, 2022
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Pricing date: | Oct. 30
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Settlement date: | Nov. 4
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132PRE6
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