By William Gullotti
Buffalo, N.Y., Nov. 17 – JPMorgan Chase Financial Co. LLC priced $3.04 million of 0% capped buffered return enhanced notes due Sept. 13, 2023 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of par plus 19.55%.
Investors will receive par if the index falls by up to 17.5% and will lose 1.21212% for every 1% decline beyond 17.5%.
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: | Russell 2000 index
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Amount: | $3.04 million
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Maturity: | Sept. 13, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.5 times any index gain, capped at 19.55%; par if index declines by 17.5% or less; otherwise, lose 1.21212% for every 1% decline below the buffer
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Initial value: | 2,442.742
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Buffer level: | 82.5% of initial level
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Strike date: | Nov. 8
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Pricing date: | Nov. 9
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Settlement date: | Nov. 12
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Agent: | J.P. Morgan Securities LLC
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Fees: | None
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Cusip: | 48132YSM8
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