By Susanna Moon
Chicago, Sept. 8 – JPMorgan Chase Financial Co. LLC priced $746,000 of 0% contingent buffered equity notes due Sept. 3, 2021 tied to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus the greater of the gain of the worse performing index and the contingent minimum return of 45%.
If either index falls by up to 30%, 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: | Contingent buffered equity notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $746,000
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Maturity: | Sept. 3, 2021
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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 greater of 45% and return of worse performing index; if either index falls by up to 30%, par; otherwise, 1% loss for each 1% decline of worse performing index
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Initial levels: | 2,471.65 for S&P, 1,405.277 for Russell
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Contingent buffer: | 30%
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Pricing date: | Aug. 31
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Settlement date: | Sept. 6
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 46647M2B8
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