By Sarah Lizee
Olympia, Wash., May 20 – JPMorgan Chase Financial Co. LLC sold $23,000 of 0% buffered return enhanced notes due May 21, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by JPMorgan Chase & Co.
The payout at maturity will be par plus 1.1525 times any index gain.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
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: | Buffered return enhanced notes
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Underlying index: | S&P 500
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Amount: | $23,000
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Maturity: | May 21, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.1525 times any index gain; par if index falls by up to 15%; 1% loss for every 1% decline beyond 15%
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Initial index level: | 2,863.70
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Buffer level: | 85% of initial level
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Pricing date: | May 18
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Settlement date: | May 21
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Agent: | J.P. Morgan Securities LLC
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Fees: | 3%
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Cusip: | 48132KR80
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