By Marisa Wong
Los Angeles, July 28 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped return enhanced notes due Sept. 28, 2023 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.
The payout at maturity will be par plus 3 times any index gain, capped at par plus 22.08%.
Investors will be fully exposed to any index decline.
J.P. Morgan Securities LLC is the agent.
| Issuer: | JPMorgan Chase Financial Co. LLC
|
| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Capped return enhanced notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $1 million
|
| Maturity: | Sept. 28, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 3 times any index gain, capped at par plus 22.08%; full exposure to losses
|
| Initial level: | 3,966.84
|
| Pricing date: | July 25
|
| Settlement date: | July 28
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 1.25%
|
| Cusip: | 48133L4Q2
|
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