By Sarah Lizee
Olympia, Wash., May 22 – JPMorgan Chase Financial Co. LLC priced $500,000 of 0% buffered digital notes due Aug. 19, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 10%.
If the index falls by up to 22.5%, the payout at maturity will be par.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 22.5%.
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: | Buffered digital notes
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Underlying index: | Russell 2000
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Amount: | $500,000
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Maturity: | Aug. 19, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the final index level is greater than or equal to the initial index level, par plus 10%; if the index falls by up to buffer level, par; 1% loss for every 1% that the index declines beyond buffer
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Initial level: | 1,256.992
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Buffer level: | 77.5% of initial level
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Pricing date: | May 19
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Settlement date: | May 22
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.55%
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Cusip: | 48132KS63
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