New York, June 27 – JPMorgan Chase Financial Co. LLC priced $2.05 million of 0% capped buffered return enhanced notes due June 20, 2025 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 200% of the return of the index, capped at par plus 30.48%.
The payout will be par if the index declines by no more than 10%. Otherwise, investors will lose 1.11111% for every 1% decline beyond 10%.
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: | $2.05 million
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Maturity: | June 20, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 200% of index return, capped at par plus 30.48%; par if index declines by no more than 10%; otherwise, lose 1.11111% for every 1% decline beyond 10%
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Initial level: | 1,875.467
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Upside leverage: | 200%
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Cap: | 30.48%
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Buffer: | 10%
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Downside leverage: | 111.111%
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Strike date: | June 16
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Pricing date: | June 20
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Settlement date: | June 23
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48133XWQ5
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