By William Gullotti
Buffalo, N.Y., June 7 – JPMorgan Chase Financial Co. LLC priced $16.2 million of 0% return enhanced notes due June 5, 2025 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
At maturity, if the index gains, the payout will be par plus 1.7525 times the return.
Investors will be fully exposed to any index decline.
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: | Return enhanced notes
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Underlying index: | Euro Stoxx 50 index
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Amount: | $16.2 million
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Maturity: | June 5, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes above initial level, par plus 1.7525 times the return; otherwise, full exposure to decline
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Initial level: | 4,323.52
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Pricing date: | June 2
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Settlement date: | June 7
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.5%
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Cusip: | 48133XMU7
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