By Marisa Wong
Morgantown, W.Va., May 15 – JPMorgan Chase Financial Co. LLC priced $500,000 of capped buffered return enhanced notes due May 3, 2022 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 three times any gain with the payout capped at par plus 50%.
If the index declines by up to 14%, the payout will be par. Investors will be exposed to any losses beyond 14%.
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: | Capped buffered return enhanced notes
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Underlying index: | S&P 500 index
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Amount: | $500,000
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Maturity: | May 3, 2022
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus three times any index gain, capped at par plus 50%; par if index declines by up to 14%; exposure to losses beyond 14%
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Initial value: | 2,384.20
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Pricing date: | April 28
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Settlement date: | May 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 46647MAV5
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