By Susanna Moon
Chicago, Jan. 3 – JPMorgan Chase Financial Co. LLC priced $124,000 of 0% contingent buffered equity notes due Dec. 30, 2021 linked to the least performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus the greater of 36% and the gain of the worse performing index.
If either index falls by up to 30%, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
The notes are guaranteed by JPMorgan Chase & Co.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Uncapped buffered contingent buffered equity notes
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Underlying indexes: | Russell 2000 and S&P 500
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Amount: | $124,000
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Maturity: | Dec. 30, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus greater of 36% and return of worse performing index; if either index falls by up to 30%, par; otherwise, 1% loss per 1% drop of worse performing index
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Initial index levels: | 1,543.937 for Russell and 2,682.62 for S&P
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Contingent buffer: | 30%
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Pricing date: | Dec. 27
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Settlement date: | Jan. 2
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.25%
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Cusip: | 48129HSZ1
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