By Marisa Wong
Morgantown, W.Va., Nov. 8 – JPMorgan Chase Financial Co. LLC priced $1,703,000 of 0% uncapped contingent buffered return enhanced notes due Oct. 31, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If each index finishes above 122% of its initial level, the payout at maturity will be par plus the contingent minimum return of 22% plus 1.2 times any gain of the worse performing index in excess of 22%.
If either index finishes at or below 122% of its initial level but neither falls by more than 40%, the payout will be par plus 22%.
If either index falls by more than 40%, investors will lose 1% for each 1% decline of the worse performing index.
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: | Uncapped contingent buffered return enhanced notes
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Underlying indexes: | S&P 500 and Russell 2000
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Amount: | $1,703,000
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Maturity: | Oct. 31, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes above 122% of its initial level, par plus 22% plus 1.2 times any gain of the worse performing index in excess of 22%; if either index finishes at or below 122% of its initial level but neither falls by more than 40%, par plus 22%; if either index falls by more than 40%, 1% loss for each 1% decline of the worse performing index
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Initial index levels: | 2,575.26 for S&P and 1,502.773 for Russell
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Pricing date: | Oct. 31
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Settlement date: | Nov. 3
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.56533%
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Cusip: | 46647MNR0
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