By Wendy Van Sickle
Columbus, Ohio, Feb. 22 – JPMorgan Chase Financial Co. LLC priced $1.02 million of capped buffered return enhanced notes due Feb 11, 2022 linked to the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the ETF return is positive, the payout at maturity will be par plus 1.5 times any gain, capped at par plus 25%.
If the ETF declines by up to 15%, the payout will be par. Investors will lose 1% for each 1% decline beyond 15%.
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 ETF: | ARK Innovation ETF
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Amount: | $1,016,000
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Maturity: | Feb. 11, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the ETF return is positive, the payout at maturity will be par plus 1.5 times any gain, capped at par plus 25%; if the ETF declines by up to 15%, the payout will be par. Investors will lose 1% for each 1% decline beyond 15%
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Initial level: | $149.46
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Buffer level: | 85% of initial level
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Pricing date: | Feb. 5
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Settlement date: | Feb. 10
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.59704%
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Cusip: | 48132RUQ1
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