By Marisa Wong
Morgantown, W.Va., April 18 – JPMorgan Chase Financial Co. LLC priced $5.55 million of capped buffered return enhanced notes due Dec. 11, 2018 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index closes at or above its initial value, the payout at maturity will be par plus 1.5 times any gain, with the payout capped at par plus 15.5%.
If the index declines by up to 20%, the payout will be par. Investors will lose 1.25% for every 1% decline beyond the 20% buffer.
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: | Capped buffered return enhanced notes
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Underlying index: | Russell 2000 index
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Amount: | $5.55 million
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Maturity: | Dec. 11, 2018
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 1.5 times any index gain, with return capped at 15.5%; par if index declines by up to 20%; 1.25% loss for every 1% decline beyond 20%
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Initial value: | 1,364.426 (closing level on April 6)
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Pricing date: | April 7
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Settlement date: | April 12
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 46646QQD0
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