By Toni Weeks
San Luis Obispo, Calif., July 28 – JPMorgan Chase & Co. priced $2.54 million of uncapped contingent buffered return enhanced notes with downside digital return due July 29, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.07 times any gain in the index.
Investors will receive par plus a digital return of 15% if the index remains the same or falls by up to 30% and will lose 1% for each 1% decline from the initial level if the index falls by more than 30%.
J.P. Morgan Securities LLC is the agent.
Issuer: | JPMorgan Chase & Co.
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Issue: | Uncapped contingent buffered return enhanced notes
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Underlying index: | Dow Jones industrial average
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Amount: | $2,539,000
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Maturity: | July 29, 2020
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Price: | Par
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Payout at maturity: | Par plus 1.07 times any gain; par plus 15% if index falls by up to 30%; 1% loss for each 1% decline from initial level if loss is more than 30%
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Initial index level: | 17,568.53
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Pricing date: | July 24
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Settlement date: | July 29
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3%
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Cusip: | 48125UB92
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