By William Gullotti
Buffalo, N.Y., Oct. 30 – JPMorgan Chase Financial Co. LLC priced $1 million of 11.25% capped buffered yield return enhanced notes due Oct. 29, 2024 linked to the stock of Alexandria Real Estate Equities, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
The notes will pay interest at a rate of 11.25% per year, payable monthly.
The payout at maturity will be par plus any stock gain, capped at par plus 10%.
Investors will receive par if the stock falls by up to 5%. Otherwise, investors will lose 1% for each 1% stock decline beyond 5%.
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 yield return enhanced notes
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| Underlying stock: | Alexandria Real Estate Equities, Inc.
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| Amount: | $1 million
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| Maturity: | Oct. 29, 2024
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| Coupon: | 11.25% per year, payable monthly
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| Price: | Par
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| Payout at maturity: | Par plus any stock gain, capped at par plus 10%; par if the stock falls by up to 5%; otherwise, 1% loss for each 1% stock decline beyond 5%
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| Initial level: | $94.8492
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| Buffer level: | 95% of initial level
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| Strike date: | Oct. 20
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| Pricing date: | Oct. 24
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| Settlement date: | Oct. 27
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 0.2%
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| Cusip: | 48134B6L2
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