By Wendy Van Sickle
Columbus, Ohio, March 23 – JPMorgan Chase Financial Co. LLC priced $1.07 million of 0% uncapped contingent buffered return enhanced notes due March 24, 2023 linked to the Dow Jones Industrial Average and the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus 1.38 times the gain of the worse performing index.
If either index falls by up to the 50% contingent buffer, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
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: | Uncapped contingent buffered return enhanced notes
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Underlying indexes: | Dow Jones Industrial Average, S&P 500
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Amount: | $1.07 million
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Maturity: | March 24, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index gains, par plus 1.38 times return of worse performing index; if either index falls by up to 50%, par; otherwise, 1% loss for each 1% decline of worse performing index
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Initial levels: | 24,682.31 for Dow and 2,711.93 for S&P
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Contingent buffer: | 50%
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Pricing date: | March 21
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Settlement date: | March 26
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.5%
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Cusip: | 48129MES1
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