Chicago, May 8 – JPMorgan Chase Financial Co. LLC priced $1 million of 0% capped dual directional contingent buffered equity notes due May 14, 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 10%.
The payout will be par plus the absolute value of the index return if the index declines but by no more than the 23.35% contingent buffer.
Investors will lose 1% for every 1% that the index declines if it drops beyond the contingent buffer.
The securities are non-callable.
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: | May 14, 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 10%; par plus absolute value of index return if index declines but by no more than 23.35% contingent buffer; 1% loss for every 1% that index declines if it finishes below the contingent buffer
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Call: | Non-callable
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Initial level: | 4,135.35
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Cap: | 10%
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Contingent buffer: | 23.35%
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Pricing date: | April 28
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Settlement date: | May 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133WMF2
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