By Wendy Van Sickle
Columbus, Ohio, July 5 – JPMorgan Chase Financial Co. LLC priced $11.09 million of 0% capped buffer gears due June 28, 2024 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 of $10 plus double any index gain, capped at par plus 26.15%.
If the index falls by up to 10%, the payout will be par. Investors will lose 1% for every 1% index decline beyond 10%.
UBS Financial Services Inc. and J.P. Morgan Securities LLC are the agents.
Issuer: | JPMorgan Chase Financial Co. LLC
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Guarantor: | JPMorgan Chase & Co.
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Issue: | Capped buffer gears
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Underlying index: | S&P 500 index
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Amount: | $11,088,700
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Maturity: | June 28, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus two times any index gain, capped at par plus 26.15%; par if index falls by up to 10%; 1% loss per 1% decline beyond 10%
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Initial value: | 3,900.11
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Downside threshold: | 3,510.1; 90% of initial level
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Pricing date: | June 27
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Settlement date: | June 30
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Agents: | UBS Financial Services Inc. and J.P. Morgan Securities LLC
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Fees: | 2%
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Cusip: | 48133E538
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