New York, Sept. 27 – JPMorgan Chase Financial Co. LLC priced $500,000 of capped buffered return enhanced notes due Sept. 28, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by JPMorgan Chase & Co.
If the index closes at or above its initial value, the payout at maturity will be par plus two times any gain with the payout capped at par plus 11.5%.
If the index 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: | S&P 500
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Amount: | $500,000
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Maturity: | Sept. 28, 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 two times return of index, capped at par plus 11.5%; par if index declines by up to 10%; exposure to losses beyond 10%
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Initial value: | 3,910.52
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Buffer level: | 90% of initial level
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Pricing date: | March 23
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Settlement date: | March 26
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Agents: | J.P. Morgan Securities LLC
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Fees: | 0.65%
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Cusip: | 48132TKC9
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