New York, April 12 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped dual directional contingent buffered equity notes due April 22, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout will be par plus the index return, capped at par plus 12.63%.
The payout will be par plus the absolute value of the index return if the index declines by no more than 20%.
Otherwise, investors will lose 1% for every 1% that the index declines from initial level.
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: | Capped dual directional contingent buffered equity notes
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Underlying index: | S&P 500 index
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Amount: | $1 million
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Maturity: | April 22, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus index return, capped at par plus 12.63%; par plus absolute value of index return if index declines by no more than 20%; otherwise, 1% loss for every 1% that index declines from initial level
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Initial level: | 4,090.38
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Cap: | 12.63%
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Contingent buffer: | 20%
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Strike date: | April 5
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Pricing date: | April 6
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Settlement date: | April 12
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133VZF0
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