By Marisa Wong
Morgantown, W.Va., April 10 – JPMorgan Chase Financial Co. LLC priced $63,000 of uncapped buffered return enhanced notes due March 31, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index closes at or above its initial value, the payout at maturity will be par plus 1.05 times any gain.
If the index declines by up to 15%, the payout will be par. Investors will be exposed to any losses beyond 15%.
The agent is J.P. Morgan Securities LLC.
| Issuer: | JPMorgan Chase Financial Co. LLC
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| Guarantor: | JPMorgan Chase & Co.
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| Issue: | Uncapped buffered return enhanced notes
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| Underlying index: | S&P 500 index
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| Amount: | $63,000
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| Maturity: | March 31, 2021
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 1.05 times return of index; par if index declines by up to 15%; exposure to losses beyond 15%
|
| Initial value: | 2,358.57
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| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Agent: | J.P. Morgan Securities LLC
|
| Fees: | 0.25%
|
| Cusip: | 46646QL52
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