By Wendy Van Sickle
Columbus, Ohio, April 8 – JPMorgan Chase Financial Co. LLC priced $3.41 million of 0% capped buffered return enhanced notes due Sept. 29, 2022 linked to an equally weighted basket of the Financial Select Sector SPDR fund and the Technology Select Sector SPDR fund, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any basket gain, up to a maximum return of 17.76%.
Investors will receive par if the basket falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
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: | Capped buffered return enhanced notes
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Underlying basket: | Financial Select Sector SPDR fund and Technology Select Sector SPDR fund, equal weights
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Amount: | $3,411,000
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Maturity: | Sept. 29, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 2 times any basket gain, capped at 17.76%; par if basket declines by 10% or less; 1.1111% loss for each 1% decline beyond 10%
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Initial value: | $132.67 for Technology, $34.36 for Financial
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Buffer level: | 90% of initial level
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Pricing date: | March 26
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Settlement date: | March 31
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Agent: | J.P. Morgan Securities LLC
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Fees: | 1.25%
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Cusip: | 48132RK41
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