By William Gullotti
Buffalo, N.Y., July 29 – JPMorgan Chase Financial Co. LLC priced $933,000 of 0% capped buffered return enhanced notes due Aug. 2, 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 double any index gain, up to a maximum return of par plus 8.3%.
Investors will receive par if the index falls by up to 10% and will lose 1% 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 index: | S&P 500
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Amount: | $933,000
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Maturity: | Aug. 2, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus two times any index gain, capped at par plus 8.3%; par if index declines by 10% or less; exposure to losses beyond 10%
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Initial value: | 4,204.11
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Buffer level: | 90% of initial level
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Strike date: | May 28
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Pricing date: | June 1
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Settlement date: | June 7
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132UKG7
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