By Marisa Wong
Morgantown, W.Va., Dec. 11 – JPMorgan Chase Financial Co. LLC priced $642,000 of 0% capped buffered equity notes due May 31, 2019 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 plus any index gain, up to a maximum return of 16.25%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
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 buffered equity notes
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Underlying index: | S&P 500 index
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Amount: | $642,000
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Maturity: | May 31, 2019
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, up to a maximum return of 16.25%; par if the index falls by up to 10%; 1% loss for each 1% decline beyond 10%
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Initial level: | 2,601.42
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Pricing date: | Nov. 27
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Settlement date: | Nov. 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48129HQS9
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