By Marisa Wong
Morgantown, W.Va., May 13 – JPMorgan Chase Financial Co. LLC priced $45,000 of capped buffered return enhanced notes due July 31, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index finishes above its initial value, the payout at maturity will be par plus 1.5 times the gain with the payout capped at par plus 32.5%.
If the index finishes flat or declines by up to 10%, the payout will be par. Investors will be exposed to any losses beyond 10%.
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: | Euro Stoxx 50 Index
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Amount: | $45,000
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Maturity: | July 31, 2020
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 32.5%; par if index finishes flat or declines by up to 10%; exposure to losses beyond 10%
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Initial value: | 3,491.92
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Pricing date: | April 25
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Settlement date: | April 30
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Agent: | J.P. Morgan Securities LLC
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Fees: | 2.15%
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Cusip: | 48132CBA0
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