By Marisa Wong
Morgantown, W.Va., May 7 – JPMorgan Chase Financial Co. LLC priced $771,000 of 0% uncapped buffered equity notes due Oct. 28, 2021 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.
If the index finishes above its initial value, the payout at maturity will be par plus the gain.
If the index finishes flat or declines by up to 20%, the payout will be par. Investors will be exposed to any losses beyond 20%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped buffered equity notes
|
| Underlying index: | S&P 500
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| Amount: | $771,000
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| Maturity: | Oct. 28, 2021
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus any index gain; par if index finishes flat or declines by up to 20%; exposure to losses beyond 20%
|
| Initial value: | 2,639.40
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| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.8%
|
| Cusip: | 48129MB54
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