By Wendy Van Sickle
Columbus, Ohio, June 18 – JPMorgan Chase Financial Co. LLC priced $10.18 million of 0% capped buffered return enhanced notes due Aug. 19, 2022 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 2 times any index gain, up to a maximum return of 12%.
Investors will receive par if the index falls by up to 5% and will lose 1% for each 1% decline beyond 5%.
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 index: | S&P 500
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Amount: | $10,181,000
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Maturity: | Aug. 19, 2022
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus 2 times any index gain, capped at 12%; par if index declines by 5% or less; exposure to losses beyond 5%
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Initial value: | 4,219.55
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Pricing date: | June 10
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Settlement date: | June 15
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Agent: | J.P. Morgan Securities LLC
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Fees: | 0.75%
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Cusip: | 48132UNM1
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