By William Gullotti
Buffalo, N.Y., Oct. 5 – JPMorgan Chase Financial Co. LLC priced $445,000 of 0% capped buffered equity notes due Jan. 20, 2023 linked to the performance of 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 final level of the index is greater than its initial level, the payout at maturity will be par plus the index’s return with a maximum payout of par plus 9.05%.
If the final level of the index is less than its initial level by up to 15%, the payout at maturity will be par.
Otherwise, investors will lose 1% for every 1% that the index declines 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 equity notes
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Underlying index: | S&P 500 index
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Amount: | $445,000
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Maturity: | Jan. 20, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index’s final level is greater than its initial level, par plus index’s return, capped at par plus 9.05%; if the index falls by up to 15%, par; otherwise, 1% loss for every 1% decline beyond 15%
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Initial level: | 4,327.16
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Buffer level: | 85% of initial level
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Strike date: | July 16
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Pricing date: | July 19
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Settlement date: | July 22
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132U2R3
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