New York, March 8 – JPMorgan Chase Financial Co. LLC priced $1.53 million of 0% capped buffered return enhanced notes due March 19, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 120% of the return of the index, capped at par plus 23.364%.
The payout will be par if the index declines by no more than 15%. Otherwise, investors will lose 1% for every 1% that the index declines from initial level.
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 buffered return enhanced notes
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Underlying index: | Russell 2000 index
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Amount: | $1,525,000
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Maturity: | March 19, 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 120% of index return, capped at par plus 23.364%; par if index declines by no more than 15%; otherwise, 1% loss for every 1% that index declines from initial level
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Initial level: | 1,902.659
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Upside leverage: | 120%
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Cap: | 23.364%
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Barrier: | 15%
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Strike date: | March 2
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Pricing date: | March 3
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Settlement date: | March 8
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1%
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Cusip: | 48133UWQ1
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