By Wendy Van Sickle
Columbus, Ohio, Feb. 20 – JPMorgan Chase Financial Co. LLC priced $4.3 million of 0% uncapped buffered return enhanced notes due Feb. 17, 2028 linked to the better performing of the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If either index gains, the payout at maturity will be par plus 1.25 times the return of the better-performing index.
If the better-performing index finishes flat or falls by up to 20% of its initial level, the payout will be par.
If the better-performing index falls by more than 20%, investors will lose 1% for every 1% that the better-performing index declines beyond the 20% buffer.
The notes are guaranteed by JPMorgan Chase & Co.
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: | Uncapped buffered return enhanced notes
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Underlying indexes: | S&P 500 and Euro Stoxx 50
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Amount: | $4.3 million
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Maturity: | Feb. 17, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If either index gains, par plus 1.25 times return of better-performing index; par if better-performing index finishes flat or falls up to 20% of initial level; 1% loss for every 1% that better-performing index declines beyond 20%
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Initial levels: | 3,854.43 for Stoxx and 3,379.45 for S&P 500
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Buffer levels: | 80% of initial levels
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Pricing date: | Feb. 12
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Settlement date: | Feb. 18
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.55%
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Cusip: | 48132H6W7
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