By Kiku Steinfeld
Chicago, Feb. 26 – JPMorgan Chase Financial Co. LLC priced $2.8 million of 0% capped buffered equity notes due Aug. 19, 2022 linked to the lesser performing of the Russell 2000 index and the SPDR S&P 500 ETF trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each asset finishes at or above its initial level, the payout at maturity will be par the return of the worse performing asset, capped at 17%.
If either asset falls but neither falls by more than 20%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing asset beyond the 20% 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 buffered equity notes
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Underlying assets: | Russell 2000 index, SPDR S&P 500 ETF trust
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Amount: | $2,797,000
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Maturity: | Aug. 19, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each asset finishes at or above its initial level, par plus the return of the worse performing asset, capped at 17%; if either asset falls but neither falls by more than 20%, par; otherwise, 1% loss for each 1% decline of the worse performing asset beyond the 20% buffer
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Initial levels: | $392.30 for ETF and 2,272.891 for Russell
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Buffer levels: | 80% of initial levels
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Pricing date: | Feb. 16
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Settlement date: | Feb. 19
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48132R4N7
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